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KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
SINGAPORE (The Straits Times/ANN): All public hospital emergency departments here are on "outbreak response mode" as Singapore raises its defences against a mysterious virus that is spreading in China.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a firmer footing as investors picked up healthcare stocks and glove makers following the outbreak of the new strain of coronavirus from China.
CHICAGO (Reuters) - A new coronavirus has emerged from Wuhan, China, with more than 300 cases and at least six deaths linked to the respiratory illness believed to have emerged from animals, but with the ability to transmit person-to-person. The virus has spread beyond China's borders, raising concerns of a global pandemic.
PETALING JAYA: London Stock Exchange-listed Symphony International Holdings Ltd has fully exited its investment in IHH Healthcare Bhd, which has provided Symphony with strong risk adjusted returns.
PETALING JAYA: Glove makers rallied as investors chased the stocks on expectations of a surge in demand following a new virus outbreak in Wuhan, China which is a strain of coronavirus.