Malaysian stocks to fall further with global markets

 KUALA LUMPUR, Oct 7 (Reuters) - Malaysian shares are set to
fall further on Tuesday amid fears that the credit crisis will
lead to a global recession, which have already spurred heavy
selling across the global markets.

 "We won't be any different. We would probably be seeing
more slide today," said a local brokerage house dealer.

 U.S. stock indexes fell up to 4.3 percent, while markets in
Europe were also sharply lower, as investors feared a $700
billion U.S. government bailout to help Wall Street would not
be enough to revive investor confidence and avert a global
recession. (Click on [nL6259237] for more details.)

 Malaysia's benchmark Kuala Lumpur Composite Index .KLSE
fell about 2 percent to 996.84 points on Monday.

 Dealers said falling palm oil prices are likely to result
in further weakness in plantation stocks, which would drag the
market further.

 Asian vegetable oil markets fell on Monday, many by their
maximum limit, as increasing signs of a slowing global economy
encouraged investors to sell and export demand to falter.

 The main listed palm oil plantation stocks on Bursa
Malaysia are Sime Darby (SIME.KL: Quote, Profile, Research, Stock Buzz), IOI Corp (IOIB.KL: Quote, Profile, Research, Stock Buzz), Kuala
Lumpur Kepong (KLKK.KL: Quote, Profile, Research, Stock Buzz) and UM Plantations.

 Here are the news stories and factors that may affect the
Malaysian stock market on Tuesday.
 ------------MARKET SNAPSHOT @ 23:53 GMT---------------
 INSTRUMENT                    LAST      PCT CHG   NET CHG
 S&P 500.SPX                1,056.89   -3.85%    -42.340
 USD/JPY <JPY=>               101.57      0.23%      0.230
 10-YR US TSY YLD<US10YT=RR>  3.492       --         0.031
 SPOT GOLD <XAU=>             $860.60     0.37%      3.150
 US CRUDECLc1               $88.50      0.79%      0.670
 DOW JONES .DJI             9955.50    -3.58%    -369.88
 ASIA ADRS .BKAS            106.66     -6.29%      -7.16
 -------------------------------------------------------------
> Malaysia's Aug exports growth seen slowing    
[ID:nKLR298422] > Weak exports plague Asian vegoils, defaults
eyed[ID:nKLR373167] > Malaysia exchange says circuit breakers
in place[ID:nKLR298422] > Malaysia Astro seeks $260m in
compensation     [ID:nKLR238325] > Indonesia's BII shares open
up 34 pct          [ID:nJKB000863] > Astro falls to all-time
low                    [ID:nKLR372644] > SE Asian Stocks-Slide
on economy fears; Jakarta down 10pct[.SO] > US STOCKS-Dow dives
below 10,000 on credit, recession fears[.N] > US oil prices
rise more than $1 after settlement         [O/R] >
FOREX-Dollar, yen soar as anxiety over crisis mounts    [USD/]
> TREASURIES-Prices soar as stock slide spurs safety      
[US/] > Gold rises 4 pct amid stock, commods decline           
[GOL/]
 (Reporting by Faisal Aziz; Editing by Kim Coghill)