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KUALA LUMPUR: Asian fixed income assets, which stayed resilient throughout 2020, can continue to perform this year on the back of a supportive global backdrop and continued policy support, said Manulife Investment Management.
KUALA LUMPUR: The ringgit was higher versus the US dollar at opening on Wednesday, pushed by the US President-elect Joe Biden's stimulus rally, coupled with the comfortably trading Brent crude oil above US$55 per barrel.
Emerging Markets: Thailand has big jump in stock market; S. Korea leads Asia stock gains on auto boost
SINGAPORE, Jan 19 (Reuters): South Korean shares jumped nearly 3% on Tuesday after steep losses in the previous session as gains in heavyweight auto shares provided a boost, with investors also eyeing prospects for more stimulus to support an economic recovery.
KUALA LUMPUR: The FBM KLCI ended the morning slightly higher as the domestic market rallied on the back of the government's latest stimulus package and news of China's economic growth.
KUALA LUMPUR: The ringgit opened higher against the US dollar today, boosted by Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the RM15 billion Malaysian Economic and Rakyat’s Protection Assistance Package (PERMAI) package yesterday, as well as higher crude oil prices.
Economists divided on why central bank should maintain or cut rate
Stronger recovery expected this year despite MCO 2.0
JAKARTA, Jan 18 (Reuters): Indonesia's central bank will likely keep interest rates steady on Thursday but could cut them as early as the first quarter of 2021 as the country continues to grapple with the fallout of the Covid-19 pandemic, a Reuters poll showed on Monday.
South Korean shares fell more than 2% on Monday, dragged down by steep losses in heavyweight Samsung Electronics, after its vice chairman was sentenced to two and a half years in prison over a bribery case.