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BEIJING: Relax, eat out and shop. That’s the latest message from the Chinese government to its people, after months of warning them to stay indoors because of the coronavirus.
SYDNEY: Asian shares were closing out a calamitous quarter with a tentative rally on Tuesday (March 31) as factory data from China held out the hope of a rebound in activity, even as much of the rest of the world shut down.
KUALA LUMPUR: Market sentiment swung higher as investors welcomed improved Chinese factory activity while overnight there was news of a drop in new Covid-19 cases in Italy, a global hot spot for the pandemic.
SINGAPORE: Southeast Asian stock markets rose on Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amidst mixed market appetite.
KUALA LUMPUR: A firmer overnight close on Wall Street and an unexpected jump in China’s factory data helped lift key markets including Bursa Malaysia.
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: Strategists at JPMorgan Chase & Co have concluded that most risk assets – a universe that typically includes stocks and credit – have seen their low points for the recession that’s gripped economies around the world.
HONG KONG/SINGAPORE: Cracks are appearing across the emerging-market landscape like never before. As most nations brace for a likely surge in Covid-19 (coronavirus) outbreak cases, the signals from the developing world could hardly be more worrying for investors.