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Treasury Pulse

The US dollar clawed back losses to gain 0.02% to 97.0 by the end of the week, largely due to an overnight selloff in the US stock market with the Dow Jones plunging 2.3% to 25,387 amid crude oil descending into the bear market.

Japan’s GPIF now able to hedge against risk in various currencies

JAPAN’s Government Pension Investment Fund (GPIF) is now able to hedge against fluctuation in the value of various currencies, the head of the world’s largest pension fund says, declining to say whether it had started or will start doing so.

Rakuten aims to get more young investors

MALAYSIA’S first fully digital equities broker, Rakuten Trade, wants to aggressively boost its existing portfolio of young investors next year which represents more than three quarters of its total client base.

Daibochi boost for Scientex

OVER the two days since Scientex Bhd announced plans to acquire 42% of its smaller rival Daibochi Bhd, the group’s share price has soared.

Expansion: In announcing the deal, Scientex says the merger with Daibochi will create ‘a formidable regional giant from Malaysia with extensive resources to compete globally.’

IHH, Maybank, Genting push KLCI to higher close

KUALA LUMPUR: Fund buying of IHH Healthcare, Maybank and Genting Bhd helped the FBM KLCI close higher on Friday, mirroring most key Asian markets, though the third-quarter economy grew at a slower-than-expected pace.

Value Partners may buy into more pain for Asia stocks in early 2019

HONG KONG: Asset manager Value Partners may trim its equities exposure into next year as U.S.-China trade talks enter a crucial stage, but a further capitulation in the market may also lead to attractive valuations, a senior fund manager said.

China private education firms tumble as Beijing tightens grip

SHANGHAI/HONG KONG: Chinese private education stocks sank on Friday after Beijing moved to tighten the reins on the early education sector, citing child safety issues that have hit some firms over the last year and saying that others were making too much profit.

Students watch a drone performance at a primary school in Handan, Hebei province, China October 18, 2018. Picture taken October 18, 2018. REUTERS

Nvidia, Applied Forecasts add to evidence chip bull run ending

SAN FRANCISCO: Carnage in chipmaking stocks continued Thursday, as Nvidia Corp. and Applied Materials Inc. issued disappointing sales forecasts for the current quarter, adding to evidence that a half-decade long bull run for the $400 billion industry is coming to a close.

 Nvidia, the leader in chips for computer graphics, tumbled 17 percent after projecting sales for the current quarter that also fell short of analysts’ estimates