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KUALA LUMPUR: The FBM KLCI rose to an intra-day high of 1,699.96, just a hair's breadth away from the important 1,700-level on Thursday, before late selling pressure on Maxis and CIMB pushed it into the red.
KUALA LUMPUR: Key Asian markets except Hong Kong chalked up gains at midday on Thursday as crude oil prices recovered while the FBM KLCI entered the positive territory for 2016.
NEW YORK: After eight years of unprecedented intervention in financial markets, the Federal Reserve has taken the first baby steps in a long-term mission to extract itself. But it’s good to have a back-up plan just in case that doesn’t work out.
TOKYO: Japan’s government is unlikely to be able to launch a stimulus package to support its struggling economy without raising concerns about the size of its spending, ratings agency Standard & Poor’s said.
KUALA LUMPUR: Key Asian markets surged on Wednesday, propelled by China stocks as investors expect some positive policy moves, with the FBM KLCI riding on the coat tails of the surge as it neared the critical 1,700 level.
KUALA LUMPUR: The FBM KLCI rose nearly 12 points at midday on Wednesday tracking the key regional markets as Japanese equities leading the global advance as strengthened economic data from the US and Australia spurred buying interest.