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Asia shares rally on vaccine hopes, oil retreats after early gains
SYDNEY/HONG KONG: Asian shares extended gains on Tuesday as more countries emerged from their economic lockdowns and a successful early-stage trial of a coronavirus vaccine cheered sentiment, although oil shed some of its early moves higher.
US and global stock markets fall on trade war pessimism; oil at 4-year high
NEW YORK: Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.
KLCI sees little change in morning trade ahead of long weekend
KUALA LUMPUR: The FBM KLCI struggled to hold on to higher ground, ending the morning session just half a point higher against its previous close at 1,751.67 points.
KLCI up 11.56 points as Asian markets react to Fed's cautious stance
KUALA LUMPUR: The FBM KLCI rose 11.08 points to 1,704.51 points at the midday close as Asian equities advanced after the US Federal Reserve scaled back its projection for interest rate hikes in the immediate term.
Genting Malaysia, Digi lift KLCI, ringgit slips
KUALA LUMPUR: Genting Malaysia and Digi helped the FBM KLCI stay above the key 1,700 level at midday on Monday amid a weakening broader market and decline in the ringgit.
Volkswagen denies planning a bid for US Paccar
FRANKFURT/BERLIN: Volkswagen denied planning a bid for U.S. truck maker Paccar after analysts published comments in a research note from a senior executive of German rival Daimler saying he had heard of such a plan.
