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KUALA LUMPUR: Bursa Malaysia came under selling pressure on Thursday as the key FBM KLCI closed below the crucial 1,500-level on blue-chip selling.
KUALA LUMPUR: The FBM KLC continued its slide into the red on Thursday amid deteriorating market sentiment and a retreat in the plantation sector.
WASHINGTON: Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safe-haven assets, including the dollar, were mixed.
CHINESE consumers are finally starting to spend again after the pandemic-induced slump, but the recovery is unbalanced and overly reliant on luxury goods, with poorer Chinese still cautious.
Lower interest rates, sales tax holiday provide further support
KUALA LUMPUR: New volume-driven launches in Malaysia's automotive sector in the final quarter of the year could offset cautious consumer sentiment from the ending of the loan moratorium on Sept 30, says Kenanga Investment Bank Research.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
PETALING JAYA: Total vehicle sales continued its upward trajectory for the third consecutive month this year in August, rising 3% to 52,800 units from 51,148 units in the previous corresponding period, as the government’s tax exemptions and aggressive promotional campaigns by automotive companies continued to drive sales.