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HONG KONG (Reuters) - Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating US-China trade war.
KUALA LUMPUR: Shares of IHH Healthcare gave the FBM KLCI the much needed lift to return to the positive zone after a volatile day on Friday – despite some late selling pressure – while key Asian markets closed higher.
SHANGHAI: China stocks fell on Friday to end the week lower, with the country's blue-chip index posting its biggest weekly decline in more than three months, amid uncertainty around the Sino-U.S. trade deal while investors sought more clues on Beijing's policy support in the midst of a slowing economy.
OIL prices have gained around 10% since early October, and prices are expected to be supported in the near term by easing recession risks and tightening supply-demand balances.
KUALA LUMPUR: THe FBM KLCI just barely edged into positive territory at midday following the release of Malaysia's 3Q GDP results.
Investors that bet on the rising fortunes of startups are finding it difficult to cash out at a profit
PETALING JAYA: Weak third quarter results, which were dragged down by lower product prices, has led to a downgrade of Petronas Chemicals Group Bhd (PetChem) by Affin Hwang Capital Research.
BEIJING: The engines of China’s economy are spluttering, with exports falling, factory output slowing, investment growth at a record low and consumption coming off the boil.
PETALING JAYA: Construction services company GDB Holdings Bhd’s subsidiary has secured a RM20.67mil contract from Hua Yang Bhd’s unit to carry out piling and substructure work for the latter’s serviced apartment project in Puchong.
PETALING JAYA: The majority of Genting Malaysia Bhd’s (GenM) loss-making Empire Resorts Inc stockholders have approved the proposed merger with the joint-venture company (JVCo) of GenM and Kien Huat Realty III Ltd (KH).