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FBM KLCI finds its footing at 1,600

REVIEW: As a fresh chapter in the US-China trade war saga unfolded, global markets swung along on high speculative interest.

Global Forex Market

The US dollar continued to trend higher, posting a weekly gain of 0.55% to 97.9 amid the deepening US-China trade rift. China announced it will impose new tariffs on US$60bil of US imports, from June 1. But trade concerns eased slightly following President Donald Trump’s remark mid-week suggesting the door remained open on a potential US-China trade deal.

Short position

WHETHER people like it or not, it is the foreign flow of money into the stock market that really is the fifth gear for market momentum.

Dialog gets a boost

IN a rather sober market that has been traumatised by the escalating trade war between the US and China, Dialog Group Bhd, an oil and gas services company, is turning out to be a bright spark.

Asia shares shudder as Beijing talks tough

SYDNEY: Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China's media drowned out upbeat news on the U.S. economy and corporate earnings.

Shanghai stocks led the way into the red amid the growing fallout from President Donald Trump's move to block China's Huawei Technologies from buying vital American technology.