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NEW YORK: Global equity benchmarks rose on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus that has upended the global economy.
PETALING JAYA: The local stock market has started the week in the red after a strong rally last week that saw the benchmark index, the FBM KLCI, surging more than 10% as the market anticipated the massive stimulus package by the government.
NEW YORK: Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
STOCKS on Bursa Malaysia have rallied more than 10% to 1,343 points this week as investors anticipated the multi-billion ringgit stimulus package by the government.
THE past five trading days saw the FBM KLCI bouncing off from a low of 1,208 points on March 16 to reach as high as 1,353 points on Friday before closing at 1,343 points.
Value Partners’ Cheah says it is too early to buy US and European stocks
NEW YORK: The Dow Jones Industrial Average <.DJI> wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors' worst fears and the focus stayed on an unprecedented US$2 trillion stimulus awaiting approval by the U.S. House of Representatives.
ASIAN tycoons are gung-ho on share buybacks at a time when industry leaders in the U.S. and Europe are holding back because of the coronavirus outbreak.