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BEIJING: China's factory activity rose for a third straight month in May as companies got back to business after strict measures to contain the coronavirus were eased, but a deep contraction in export orders means the recovery remains sluggish.
BEIJING: China's factory activity likely rose for a third straight month in May as the economy recovered from strict lockdowns implemented to contain the coronavirus outbreak, which has hammered global business activity.
LONDON/TOKYO (Reuters): Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday (May 27), offsetting optimism about the re-opening of the world economy.
KUALA LUMPUR: The ringgit retreated from yesterday’s gains to trade slightly lower against the US dollar in the early session today, as heightened tension between the United States and China prompted investors to return to safe-haven currencies, dealers said.
KUALA LUMPUR: Stocks to watch on Friday include Poly Glass Fibre (M) Bhd, HeiTech Padu Bhd, Tadmax Resources Bhd and Sime Darby Bhd, according to JF Apex Research.
SEOUL: Asian data laid bare the extent of damage to global trade with no clear sign that the worst is over even as the world takes tentative steps toward reopening.
KUALA LUMPUR: AmInvestment Research downgrades its call on the transportation & logistics sector to Underweight from Neutral due to the severe impact from the Covid-19 pandemic.
SINGAPORE: Business activity in Singapore plunged to a record low in April due to a lockdown and the impact of the Covid-19 (coronavirus) pandemic, according to a widely-cited survey. The monthly purchasing managers index (PMI) showed a fall to 28.1 from March's 33.1.