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Asian currencies subdued; ringgit slightly stronger

BENGALURU: The Indian rupee skidded against the dollar on Monday, while most other Asian currencies edged down in muted trade as the Chinese Lunar New Year holidays kept volumes low.

Ringgit on upward trend, equities subdued next week

KUALA LUMPUR: The ringgit's upward momentum is expected to continue next week, with the currency forecast to hit the 4.00-level against the US dollar as risk appetite improves amid a weaker greenback and recovery in commodity prices. Equities on Bursa Malaysia and palm oil are expected to be quiet on a shortened trading week.

Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew(inset pic) said February would see some seasonal corporate earnings results for the period ended Dec 31, 2018, which may be lacklustre, gauging from the majority of results released on Jan 29-30. “Much of the corporate earnings recorded a decline due to a higher price-earnings (PE) ratio, which made stock prices more expensive."

Ringgit higher as Fed decision pressures greenback

KUALA LUMPUR: The ringgit was higher against the US dollar early Thursday on buying interest as the greenback remained weak following the outcome of Federal Open Market Committee's meeting, dealers said..

At 9.15 am (0115 gmt), the ringgit stood at 4.0880/0930 compared to Wednesday's close of 4.1050/1100

KLCI fall slightly ahead of US-China trade talks

KUALA LUMPUR: The FBM KLCI was slightly lower in Wednesday's morning session as investors awaited the start of the US-China trade talks that take place later today and tomorrow.

Bursa extends slide as Huawei charges erode optimism

KUALA LUMPUR: Bursa Malaysia tumbled in the morning session as the US-China trade talks came at risk of being derailed while US corporations cautioned over earnings being eroded by a slowing Chinese economy.

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