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Malaysia on course for healthy 2Q GDP growth, says Lim

KUALA LUMPUR: The country's gross domestic product is on course for healthy second-quarter growth as indicated by April's better-than expected trade performance, says Finance Minister Lim Guan Eng.

KLCI plays catch-up to 3-day climb on Wall Street

KUALA LUMPUR: The FBM KLCI rose on Friday, tracking a three-day climb on Wall Street on growing optimism over a US Federal Reserve policy rate cut and an overnight report that Washington was considering a delay on tariffs of Mexican imports.

Bond market seen holding up despite negative news

PETALING JAYA: The Malaysian bond market will likely hold up for now with the benchmark 10-year Malaysian Government Securities (MGS) projected to hover between 3.75 and 4.00 by year-end as investors adopt a wait-and-see stance in the wake of the recent negative newsflows.

Fong: Foreign investors  may further rationalise their bond holdings in the domestic market due to the prevailing risk-off sentiment.

China small caps fall into bear market

SHANGHAI: China’s tech-heavy ChiNext stock gauge entered a bear market as the pressures of the trade war, the expected start of a rival board and evaporating investor interest weighed on sentiment.

Oil firms above January lows but still pressured

SINGAPORE: Oil prices firmed yesterday after falling to near five-month lows in the previous session, but sentiment remained weak as markets remain under pressure from rising US supply and a stalling global economy.

GDP growth seen inching lower to 4.6% in 2019

PETALING JAYA: The Malaysian economy is expected to inch lower to 4.6% in 2019 and be at around the same level in 2020, reflecting the ongoing fiscal consolidation and headwinds arising from the slowdown in the global electronics cycle, lower crude oil prices and uncertainty over the outcome of the US‑China trade tension.