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Hong Kong stocks rise as US-China trade war fears ease

HONG KONG: Hong Kong stocks rose on Monday, after U.S. Treasury Secretary Steven Mnuchin said Washington's trade war with Beijing was put "on hold", easing trade tensions that had damped risk appetite.

Local market moves higher at midday as US, China drop tariff threats

KUALA LUMPUR: Local equities rose on the lead of regional markets on Monday as trade tensions between the US and China eased after US Treasury Secretry Steven Mnuchin said the conflict was put "on hold" following an agreement to drop their tariff threats.

RAM sees Genting strengthening position after RM10.4b project

KUALA LUMPUR: RAM Ratings sees Genting Bhd strengthening its competitive position and improving its performance after completing its RM10.4bil rejuvenation project for its second largest leisure and hospitality (L&H) contributor, Resorts World Genting (RWG).

RAM expects Genting to retain its superior liquidity position with cash levels of above RM20bil over the next three years.

Stocks rally after US says Sino-US trade war on hold

TOKYO: Stocks rose on Monday as U.S. Treasury Secretary Steven Mnuchin declared the U.S. trade war with China "on hold" following an agreement to drop their tariff threats that had roiled global markets this year.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.55 percent in early trade, led by strong gains in greater China. Hong Kong's Hang Seng was up 1.0 percent, Taiwanese shares 1.1 percent and mainland shares 0.4 percent.  Japan's Nikkei gained 0.4 percent.

Ringgit extends loss against US$ on lack of demand

KUALA LUMPUR: The ringgit extended its loss from last Friday to be lower against the US dollar early Monday on lack of market demand and as the interest of investors shifted towards the greenback on rising US Treasury yields.

OANDA Head of Trading in Asia-Pacific, Stephen Innes said rising oil prices at between US$70 and US$80 per barrel had stoked US inflationary feels and pushed US yields higher, thus strengthening the dollar.  “This will continue to weigh on the local note,” he said