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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: 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.
PETALING JAYA: Ongoing worries over the economic fallout from the Covid-19 outbreak and a plunge in global crude oil prices hammered asset classes in Malaysia with the stock and the palm oil markets landing body blows from the global rout.
KUALA LUMPUR (Bernama): Six new senators will be sworn in at the Dewan Negara at 10am Tuesday (March 10) following their appointment as ministers or deputy ministers in Prime Minister Tan Sri Muhyiddin's Cabinet.
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: The carnage in oil markets and the impact from the Covid-19 coronavirus battered key Asian markets and Bursa Malaysia.
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.