Key index falls over 1% due to weak sentiment

BNM says surplus liquidity will be absorbed ahead of three conventional money market tenders and one Islamic range auction Qard tender

Hang Seng Index up 0.09%, while benchmark Shanghai Composite Index rises 0.06%

Local bourse bucks regional trend

Benchmark Nikkei and broader Topix indices rise more than 1%

Latest surge means company is worth more than GM, Ford, Toyota, Honda, Fiat Chrysler and Volkswagen combined

Dow jumps 1.4%, S&P 500 up 0.6% but Nasdaq finishes 0.6% lower

Competition from low-cost tyre makers has hurt firm, which already slashed staff by almost 1,500 since 2017 in 3 countries

Investors eye key US Senate race which will shape the early course of Joe Biden’s presidency

He replaces Leo Chow, who steps down but will remain with Alibaba

NHK cites Dai-ichi Life Research Institute as predicting a loss of 75,000 jobs over six months after potential declaration

Research house keeps ‘neutral’ call on sector in light of affordability, oversupply and policy issue

Tokyo, Hong Kong, Sydney, Manila and Wellington were all in the red but Shanghai, Seoul, Singapore, Taipei and Jakarta were slightly higher