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TOKYO (AP): Asian shares were moderately lower Friday (June 12) after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the US.
KUALA LUMPUR: The decline on Bursa Malaysia, on the heels of a sharp retreat in US markets overnight, was nearly halved by midday as investors held to a key support level.
TOKYO: U.S. stock index futures advanced in early Asian trading, as investors returned after the worst selloff in the cash market in 12 weeks amid signs of overheating as well as a possible second wave of coronavirus infections.
KUALA LUMPUR: MIDF Research is cautious about Bursa Malaysia as the second downward thrust or fallout phase, may later emerge, possibly in the third quarter, as the fuller extent of economic and corporate earnings impact of Covid-19 become manifest.
KUALA LUMPUR: IGB Bhd. Bermaz Auto Bhd, Pavilion Real Estate Investment Trust (Pavilion REIT), Pantech Group Holdings Bhd and Top Glove Corp Bhd are among the stocks to watch on Friday, according to JF Apex Research.
NEW YORK: Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve
IN updating its projections for growth and unemployment on Wednesday, the Federal Reserve (Fed) poured cold water on the notion that last week’s surprise jobs report signaled a sharp V-shaped recovery for the United States’ economy.
TOKYO (AP): Asian shares tumbled Thursday (June 11) as reports of rising numbers of coronavirus infections in many countries raised fears over risks from reopenings from pandemic shutdowns.
NEW YORK: Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower.
NEW YORK: The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year.