1. The Singapore government retaliated by instructing Singapore companies to delist in Malaysia and by setting up its over-the-counter market in Malaysian shares. 2. Earlier this week, Malaysia said it would not recognize trading of Malaysian shares in Singapore. 3. It will raise the second-largest amount from a Malaysian share sale. 4. Many Malaysian shares are also traded in Singapore. 5. Meantime, Singapore and Malaysia are tussling over the trading of Malaysian over-the-counter shares in Singapore. 6. Often, more Malaysian shares changed hands than Singaporean shares did. 7. The CLOB dispute is about people like Chia, small-time local investors who bought their first Malaysian shares a decade or more ago. 8. The list of most active issues was again dominated by Malaysian over-the-counter shares and smaller Singapore companies, particularly electronics stocks. 9. The Malaysian government also said it would not recognize share trading of Malaysian shares in Singapore. 10. A sweeping list of capital controls also halted the trade of Malaysian shares overseas. |