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HONG KONG: China shares declined on Thursday as investors were rattled about a standoff between Washington and Beijing over a new Hong Kong law and awaited clues of further policy support from the ongoing Chinese parliamentary meeting.
KUALA LUMPUR: The FBM KLCI erased its early headway to retreat to the 1,450 level as investors remained cautious at the psychological support.
THE deterioration of U.S.-China relations is fast and furious, with Washington throwing out accusations of unfair trade practices, unlawful technology transfer and an early cover-up of the coronavirus outbreak, which has claimed over 100,000 American lives.
TOKYO/NEW YORK: Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
SINGAPORE: The dollar held its own on Thursday as rising US-China tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery.
KUALA LUMPUR: The ringgit eased against the US dollar at the opening on Thursday on profit-taking activities and weaker oil price, said an analyst.
MINNEAPOLIS (Reuters) - Protesters clashed with riot police firing tear gas for a second night in Minneapolis on Wednesday in an outpouring of rage over the death of a black man seen in a widely circulated video gasping for breath as a white officer knelt on his neck.
NEW YORK: Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.
NEW YORK: Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.
(Reuters) - World Rugby has rejected a proposal for an unofficial World Cup event next year aimed at boosting the game's finances after the coronavirus stoppage.