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Asia’s fundamentals seen solid

PETALING JAYA: Asia’s underlying fundamentals remain solid with resilient growth prospects despite headwinds from the US-China trade friction and rising US interest rates, said Maybank Kim Eng CEO Datuk John Chong

“While there have been substantial capital outflows as a result of the stronger US dollar, higher interest rates and US-China trade friction, Asia is now better positioned to weather the volatility.," Chong (pic) said.

Malaysia's key stock index drops below 1,700

PETALING JAYA: The FBM KLCI broke below the psychologically important 1,700-point mark yesterday after uncertainties from the US-China trade war continued to dominate headlines. The benchmark index fell 17.43 points or 1.02% by the end of the day to close at 1,692.32 points.

Taking a hit: Retail traders viewing share prices at a private gallery in Kuala Lumpur. The fallout from the brewing US-China trade war continue to keep investors at bay and sellers overwhelmed buyers on the local bourse

Asia-Pac macroeconomic outlook looks good, says S&P

SINGAPORE: The macroeconomic environment in Asia-Pacific looks good despite simmering trade tensions between the US and China, said S&P Global Ratings in a report published on Thursday.

Trade risks remain front and centre as the US launched a new round of tariffs against China, as well as Europe and Canada.

China’s growth likely to be hit by Trump’s tariffs

BEIJING: Donald Trump’s threat to impose tariffs on another US$200bil of Chinese imports could cut as much as half a percentage point from the nation’s economic growth, according to economists

Blankfein: That’s what you’d do if it was a negotiating position and you wanted to remind your negotiating counter party of how much firepower you have. — Bloomberg

China's Xiaomi targets as much as US$6.1b in Hong Kong IPO

HONG KONG: Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.

Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO.