ECONOMIC HIGHLIGHTS

• Malaysia: Seeks world bank help to cut spending, trim deficit
• China: Inflation surge prompts expectations of rate hike: Reluctance to take yuan ‘medicine’ hampers G-20 progress
• Japan: Growth probably peaked as yen gains weighed on expansion
• Australia: October jobless rate unexpectedly jumps
• Jakarta stocks loss 12.3 points or 0.3%, closed at 3,744.6 on Thursday led by
  loss in Astra International, Bank Central Asia, and United Tractors. 

• US stocks fell on Thursday after Ciscco Systems warned that profit will miss analyst estimates sending its stock down 16%, the most in more than 16 years. The DJIA tumbled 73.94pts (-0.65%) to 11,283.10 while the S&P500 slid 5.17pts (0.42%) to 1,213.54. Cisco’s forecast triggered a sell-off in other technology stocks, the group that has propelled the S&P500 to a 16% rally since end August. Disney also fell 2.9% after reporting fourth quarter profit that missed analyst expectations. 
• Hong Kong shares rose 0.82% as traders welcomed data showing inflation rose at its fastest pace in more than two years in October. The benchmark Hang Seng Index added 199.69 points to 24,700.30 on turnover of HK$122.79bn. Offshore oil producer CNOOC (883 HK) rose 3.4% to 17.84 Hong Kong dollars and PetroChina (857 HK) rose 3.3% to 10.50. Chinese lenders rose on bargain hunting after the previous day’s losses caused by the central bank in Beijing hiking lenders’ reserve requirement ratio. China Construction Bank (939 HK) rose 0.8% to 7.72, and Bank of China (3988 HK) gained 0.6% to 4.67.