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NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
BENGALURU: Gold prices rose yesterday, recovering from a sharp drop in the previous session, as safe-haven demand was boosted by worries over a fast-spreading coronavirus outbreak in China.
KUALA LUMPUR: Shares in MUI Properties Bhd jumped over 14% in early trade Wednesday after its associate discovered high-grade gold ore in Australia.
KUALA LUMPUR: Stocks to watch include MUI Properties Bhd, CAM Resources Bhd, Dayang Enterprise Holdings Bhd, Eversendai Corp Bhd, Genetec Technology Bhd and Serba Dinamik Holdings Bhd, according to JF Apex Research.
NEW YORK: The dollar strengthened and global equity markets surged on Tuesday, with Wall Street's Nasdaq index hitting a record high, as investors took heart from China's efforts to minimize the economic impact from the coronavirus epidemic.
KUALA LUMPUR: The Australian gold exploration company in which MUI Properties Bhd is taking a 40.7% stake, has found “high-grade gold mineralisation” at a site in Western Australia.
NEW YORK: The dollar strengthened and a gauge of global stocks jumped on Monday, lifted by an unexpected rebound in U.S. manufacturing that helped temper fears that caused stocks overnight in Asia to plunge on the potential impact of the coronavirus in China.
Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus
NEW YORK: Global equity markets posted their biggest weekly and monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc.