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Business

Asian stocks drift sideways as Trump-Xi meeting approaches

HONG KONG: Asian stocks are set for a cautious start on Wednesday as investors move to the sidelines before a potentially tense meeting between Donald Trump and Chinese President Xi Jinping later this week.

Business

KLCI slips early Wednesday in cautious trade, HL Bank dips

KUALA LUMPUR: Blue chips traded lower early Wednesday with profit taking seen in key stocks but the broader market was firmer, underpinned by foreign fund buying and expectations of stronger export data to be released at midday.

Business

Country Garden pledges refund for Forest City buyers caught in Beijing crackdown

China’s tighter capital controls are forcing developers to walk away from the domestic market when it comes to selling overseas projects

Business

KLCI slips at midday as Hong Leong Bank slumps

KUALA LUMPUR: Blue chips closed lower at midday on Wednesday, dragged down by profit taking in Hong Leong Bank, KL Kepong and Genting, but the broader market was firmer with heavy trading seen in penny stocks.

Business

Morgan Stanley cautious on Indonesia's high-flying stock market

HONG KONG: Morgan Stanley warned of risks to Indonesian earnings growth as foreign investors pile into the country’s equities and help send the Jakarta Composite Index to a record.

Business

Heavy rotational play among lower liners and penny stocks

KUALA LUMPUR: While blue chips struggled to advance on Wednesday, lower liners and penny stocks – linked to technology and oil - continued to see heavy churning but the broader market stayed firm.

Business

Halal online marketplace Aladdinstreet seeks to raise US$50mil

KUALA LUMPUR: Aladdinstreet.com aims to raise US$50mil (RM221.5mil) in the next six months to expand its business globally and enhance its advertising and promotions, said co-founder and president Datuk Seri Desmond To.

Nation

Chong Wei marches into 2nd round of Malaysian Open

KUCHING: World No. 1 Lee Chong Wei stayed steady to march into the second round of the Malaysian Open here.

AseanPlus News

Suspected rookie burglar takes three hours to break hole in wall to Hong Kong silver shop

Police say probably inexperienced culprit escaped with jewellery worth HK$600,000 and HK$7,000 in cash

Business

Wall Street falls as Fed minutes reverse earlier rally

NEW YORK: Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report.