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SHANGHAI: China and Hong Kong stocks weakened on Wednesday as rising US-China tensions and renewed street protests in Hong Kong curbed risk appetite.
SINGAPORE: Philippine shares extended falls into a third session on Wednesday, dragged lower by index heavyweights such as SM Investments and Ayala Land, while Malaysian stocks rose as they tried to play catch-up after a long weekend.
New York: U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points.
The 2008 financial crisis led the public to discover the limits of economics. The Covid-19 pandemic risks having the same effect on scientists and medical doctors.
NEW YORK: Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34mil as the country entered the third week of its conditional movement control order (CMCO) enforcement amidst the Covid-19 pandemic.
KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34 million, as the country entered the third week of its Conditional Movement Control Order (CMCO) enforcement amidst the COVID-19 pandemic.
Non-bank/tech players take long-term view of outlook