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GLOBAL MARKETS-Stocks rebound on Powell policy remarks
NEW YORK: A gauge of global equity markets rebounded in a late-session rally on Tuesday after U.S. Federal Reserve Chair Jerome Powell calmed fears of rising interest rates that have roiled bonds and helped spur assets linked to expectations of a strong recovery.
Asian stocks advance in commodities-inspired rally
SINGAPORE: Asian shares rebounded from two-week lows on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
Commodities rally lends support to equities
KUALA LUMPUR: The FBM KLCI held on to its early lead as it entered the lunch break following a growth-inspired commodities rally.
Oil price surge lifts investor sentiment on Bursa
KUALA LUMPUR: Bursa Malaysia rebounded on Tuesday following the sell-off in the previous session as equities were buoyed by the surge in crude oil prices on ongoing supply disruptions and a stronger demand outlook.
ESG magnates pour money into Asia
THE emergence of Asia, led by China, as the economic power house of the post-Covid world has just entered another dimension: ESG dominance.
KLCI weighed down by gloves, banks
KUALA LUMPUR: The FBM KLCI fell into negative territory by the lunch break, dragged lower by glove and bank counters in the final week of the corporate earnings season.
Foreign fund outflow widens to RM466.42mil
KUALA LUMPUR: Foreign investors continued their selling on Bursa Malaysia last week, offloading RM466.42mil worth of equities against RM40.57mil in the preceding week, according to MIDF Research.
Vaccine optimism gives Bursa an early boost
KUALA LUMPUR: Bursa Malaysia rose in early trade as news of the Covid-19 vaccine arriving in Malaysia helped to facilitate optimism over this year's expected recovery.
HSBC’s top executives prepare moves to Asia
LONDON: HSBC Holdings Plc is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity.
Bitcoin hits $1 trillion market cap, surges to fresh all-time peak
NEW YORK/LONDON: Bitcoin hit a market capitalization of $1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices.
