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Robust fundamentals behind the sustained demand
Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite surging coronavirus cases in many places.
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar amid expectations of higher US bond yields ahead of the release of the March 2021 US Consumer Price Index (CPI) later today.
NEW YORK: The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.
However, it could flag the risk of higher inflation, rates
Chinese steel futures slumped on Monday, falling around 3% amid concerns of regulatory disruptions after Premier Li Keqiang pledged to strengthen control of raw materials, though demand for industrial metals remains robust.
Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway.
KUALA LUMPUR: The FBM KLCI remained in the red entering midday as profit-taking pressure continued to weigh on Axiata and Digi.
NEW DELHI, (Reuters) -Hundreds of thousands of Hindu devotees flocked on Monday to take a holy bath in India's Ganges river, even as the nation racked up the world's highest tally of new daily coronavirus infections.