The Malaysian stock market continued its decline for the fourth consecutive session on Friday. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dropped by 0.5% to reach 1,445.18.

Declining Stocks

Among the declining stocks, YTL Power International (6742) experienced the largest decline, falling by 2.7%. Following closely behind was Axiata Group (6888), a telecommunication services company, with a decline of 2.0%. Mr. D.I.Y. Group (M) (5296), a retail/wholesale company, also witnessed a decline of 1.9%.

Leaders in the Market

On the other hand, Westports Holdings (5246), a transportation/logistics company, emerged as the biggest leader during the session, gaining 2.4%. Financial services firm AMMB Holdings (1015) also experienced growth, gaining 1.0%. Malaysia Airports Hldgs (5014), operating in the transportation/logistics sector, rounded out the top three leaders on Friday, with shares rising by 0.3%.

Southeast Asia Market Update

In other parts of Southeast Asia, the FTSE Straits Times Index (STI) in Singapore fell by 0.9%. The Thailand SET Index declined by 0.8%, while the Philippines' PSEi Index dropped by 0.4%. Similarly, Indonesia's JSX Composite Index witnessed a decline of 0.4%.

Asia-Pacific Market Performance

Moving to the Asia-Pacific region, Hong Kong stocks saw a decline, with the Hang Seng Index down by 1.8% to reach 17,203.26. Japan's NIKKEI 225 Index also fell by 0.2%. Additionally, the Shanghai Composite Index of Chinese companies witnessed a decline of 0.5%.

Decline in South Korea and Australia

The South Korean KOSPI Composite Index dropped by 0.7%, while the S&P/ASX 200 Benchmark Index of Australian stocks declined by 0.5%.

Currency Update

In the currency market, the U.S. dollar climbed by 0.3% to reach 4.71 Malaysian ringgit, and the euro also experienced a climb of 0.3% to reach 5.02 ringgit.

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