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KUALA LUMPUR: Asian markets stabilised on Tuesday after the rout the previous day on hopes of more stimulus measures by governments after the Covid-19 coronavirus left 4,000 people dead.
KUALA LUMPUR: The FBM KLCI rebounded on Tuesday as global equities stabilised following the rout in the previous session, and as oil prices seemed to find their footing.
KUALA LUMPUR: Bursa Malaysia staged a mild rebound early Tuesday after the selldown the previous day as investors picked up battered down stocks including Petronas Chemicals and banks.
KUALA LUMPUR: A sustained disruption to the price of crude oil could throw the entire market into disarray and spark a new downcycle for oil, especially amid a demand slowdown, says Kenanga research.
KUALA LUMPUR: As markets struggled to cope with the fallout from the Covid-19 coronavirus, the oil war unleashed by Saudi Arabia sent markets in Europe to Asia and Malaysia reeling.
KUALA LUMPUR: Bursa Malaysia was pounded in a global sell-off as investors fled equities for fixed income and safe haven assets amid a price war between Saudi Arabia and rival oil producer Russia.
KUALA LUMPUR: The short selling activities of multiple oil and gas stocks has been suspended for the rest of the day following a sharp plunge in the share price.
KUALA LUMPUR: Oil and gas counters on Bursa Malaysia tumbled in early trade Monday dragged down by falling crude oil prices on an already weak market sentiment.
KUALA LUMPUR: The carnage in oil markets and the impact from the Covid-19 coronavirus battered key Asian markets and Bursa Malaysia.