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Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.
NEW YORK/LONDON: Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.
TOKYO: Asia’s largest retailer, Fast Retailing Co, is expecting profits to grow slightly beyond analyst expectations this fiscal year, driven by a robust recovery from the Covid-19 pandemic in the Uniqlo owner’s key China and Japan markets.
No reason to slow efforts in promoting Malaysia as a second home (MM2H)
KUALA LUMPUR: Worries about the rising Covid-19 infections and the impact on the economy continued to weigh on the equities market.
KUALA LUMPUR: The FBM KLCI slipped on Thursday amid weaker sentiment for global equities and as glove counters came under selling pressure.
KUALA LUMPUR: Blue chips fell in early Thursday trade, weighed down by plantation stocks but Samaiden Group staged an impressive debut on the ACE Market.
NEW YORK: Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.