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NEW YORK: Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.
TOKYO (AP): Shares were mostly lower in Asia on Monday (June 15) on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months.
NEW YORK: Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve's less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.
Govt policy of doing ‘whatever it takes’ to save the economy has its limitations
REVIEW: Investors’ mettle was put to the test yesterday as the rising number of coronavirus cases in the US sent waves of panic that the economic reopening may have come too quickly, too soon.
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.