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HONG KONG: For Asian equities, 2018 was a tale of two halves, with record rallies and volume surges giving way to turbulence that’s wiped out $5.2 trillion in market value.
BEIJING: China’s factory activity contracted in December for the first time in over two years, highlighting the struggles facing Beijing as it seeks to end a bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019.
SINGAPORE: Oil prices edged higher on the last trading day of the year on Monday, taking a cue from firmer stock markets, but remain on track for the first yearly decline in three years amid concerns of a supply glut.
SINGAPORE: Gold is closing out 2018 on a strong note, with haven demand in the ascendant amid volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the US.
KUALA LUMPUR: Scientex Bhd's 1Q19 core earnings of RM52.7mil came in broadly within expectations, said Kenanga research.
SYDNEY: Asian stocks crept higher on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glint of optimism in what has been a disappointing year for equities in the region.
KUALA LUMPUR: AmInvestment Research has downgraded the building materials sector recommendation to underweight from neutral.