Malaysian shares set to fall on Wall Street

KUALA LUMPUR, Jan 12 (Reuters) - Malaysian shares are set
for a soft start on Monday following Wall Street's fall as weak
U.S. job data fanned fears of a deepening recession.

"Asian markets are likely to move downward today as the
U.S. job numbers are looking really bad," said an institutional
dealer from a leading Malaysian brokerage.

"We expect profit-taking to continue in palm oil shares
since crude oil prices are not going anywhere," he added.

U.S. stocks fell on Friday after government data showed the
labor market deteriorated further in December, raising investor
concerns about the outlook for profits, spending and a
deepening recession. [.N]

The Dow Jones industrial average .DJI ended down 1.64
percent at 8,599.18 and the Standard & Poor's 500 Index .SPX
slid 2.13 percent to 890.35.

On Friday, Malaysia's benchmark stock index .KLSE ended
up 8.6 points or 0.94 percent to 919.1 points.

Malaysian carmaker Proton (PROT.KL) said that it may
consider selling a stake to a foreign carmaker, citing interest
from the U.S., Japan and India. There were talks to sell a
stake in 2007, but they collapsed.

Here are the factors that may affect Malaysian stocks on
Monday. -----------MARKET SNAPSHOT @ 00:19 GMT