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KUALA LUMPUR: Stocks on Bursa Malaysia staged a strong rebound on Friday, after weeks of sharp declines, as bargain hunters swooped in to pick up battered stocks spurred by global central banks’ measures to cushion the fallout from the Covid-19 pandemic.
HONG KONG: Asian markets fluctuated on Tuesday (March 17) after Wall Street suffered its worst day in more than three decades with the Covid-19 (coronavirus) panic sweeping the planet, though European equities enjoyed an early bounce.
KUALA LUMPUR: Bursa Malaysia pared down losses at the close today, as investors sought bargains among index heavyweights after recent’s sharp selling.
KUALA LUMPUR: Bursa Malaysia saw a heartening rebound over the course of the morning session after opening to another bloodbath as investors reacted to news of the government restricting movement in the country.
BANGKOK (AP): Shares reversed early losses in Asia on Tuesday (March 17) after the US stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak.
NEW YORK:Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output.
NEW YORK: Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors' fears surrounding the coronavirus and growing signs of imminent recession.
KUALA LUMPUR: A sustained disruption to the price of crude oil could throw the entire market into disarray and spark a new downcycle for oil, especially amid a demand slowdown, says Kenanga research.
KUALA LUMPUR: There was some bargain-hunting in bank stocks following the previous week's sell-off although the FBM KLCI remained in negative territory for most of the morning session.