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NEW YORK: A gauge of global stocks fell for a second straight day on Friday and marked its biggest weekly percentage drop in nearly three months, while the dollar ran out of steam, ending a three-day run higher, after a U.S. payrolls report painted a weaker economic picture
SINGAPORE: Asia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.
KUALA LUMPUR: The ringgit retreated against the US dollar at the opening on Friday as the greenback strengthened on a better jobless claims report, dealers said.
NEW YORK: Asian stocks were set to open in the red on Friday, after Wall Street's benchmarks posted their biggest one-day declines in nearly three months as new fears about the economy sent investors into bonds and safe-haven currencies.
SYDNEY: Asian equities started strong on Thursday as a sustained recovery in China's services sector and the prospect of additional U.S. stimulus whetted risk appetite, while the dollar pared gains.
KUALA LUMPUR: Stocks to watch on Thursday include Advancecon Holdings Bhd, Inta Bina Group Bhd, MGB Bhd, LKL International Bhd and Iconic Worldwide Bhd, according to JF Apex Research.
NEW YORK: A gauge of global stocks rallied about 1% to an intraday record on Wednesday as investors looked to improving economic data and U.S. congressional negotiations for more stimulus to support the rebound from coronavirus-fueled lockdowns.
KUALA LUMPUR: Stronger oil and crude palm oil (CPO) prices as well as favourable Malaysian Government Securities (MGS) yield momentum continued to support the ringgit, which held on to its seven-month high against the US dollar on Wednesday, albeit ending little changed compared to the previous day.
KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strengthened after the US Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) print accelerated to 56 from 54.2 in August.
LONDON/TOKYO/WASHINGTON: Factories across Europe, Asia and North America continued to shake off the coronavirus gloom in August as the global economy emerged from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.