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PETALING JAYA: Fresh hopes of Covid-19 vaccine, Malaysia’s first factory activity expansion in 21 months and positive sentiment across the regional market boosted optimism in the local stock market, lifting the bellwether index for the fourth consecutive trading day.
BEIJING (Xinhua): The purchasing managers' index (PMI) for China's manufacturing sector rose to 50.9 in June from 50.6 in May, the National Bureau of Statistics (NBS) said Tuesday.
LONDON/TOKYO/WASHINGTON: A slump in global manufacturing showed signs of easing in June as a rebound in Chinese and U.S. activity offered some hope the world's two largest economies may have passed the worst of the devastation caused by the novel coronavirus pandemic, while the collapse in European factory activity abated.
Business confidence strengthens to four-month high
HANOI (Xinhua): Vietnam Purchasing Managers' Index (PMI), which measures the economic health of the country's manufacturing sector, soared to 51.1 in June from 42.7 in May, the first growth since January, a report by the London-based global information provider IHS Markit said on Wednesday (July 1).
KUALA LUMPUR: Gains from index-linked glovemakers propelled Bursa Malaysia to close higher alongside with the positive sentiment across the regional market on Wednesday.
SINGAPORE: Asian stock markets struggled to make headway on Wednesday, while safe havens such as gold and the Japanese yen firmed as surging coronavirus infections in the United States took some of the shine off better-than-expected factory activity in China.
KUALA LUMPUR: Bursa Malaysia edged higher at midday on Wednesday as the FBM KLCI was given the boost from continued buying of glove makers especially export-driven Hartalega and Top Glove as Covid-19 cases surged in the US.
KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 51.0 in June 2020 from 45.6 in May 2020, its highest since September 2018.