Surge in Covid-19 cases weighs on Bursa, Asian markets


KUALA LUMPUR: A surge in new Covid-19 infections forced key Asian markets to retreat further at midday on Monday, including Bursa Malaysia, which was also impacted by a downgrade in its outlook by S&P Global Ratings.

Weaker May exports also dented sentiment though it recorded a rebound in its trade surplus. Exports totalled RM62.69bil, down by 25.5% while imports decreased by 30.4% to RM52.27bil, according to the Ministry of International Trade and Industry (MITI).

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