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HONG KONG: Asian shares tumbled to their lowest in seven weeks on Friday and the dollar stood tall as investors globally shunned riskier assets over fears that higher U.S. interest rates and China's reinforcement of its zero-COVID policy could hit growth hard.
KUALA LUMPUR: It’s a sea of red on Bursa Malaysia, with over 800 counters ended in red as heavy selling bash down blue chips and small-cap stocks.
KUALA LUMPUR: Bursa Malaysia opened on a weak note on Monday, tracking the heavy selling on Wall Street last Friday as investors reacted to further affirmaton of more aggressive US rate hikes.
KUALA LUMPUR: The FBM KLCI was slightly lower at midday amid the soft investor sentiment as the US Federal Reserve's stance on interest rate hikes grew increasingly aggressive.
HONG KONG: Fears of a sharp economic slowdown in China and higher oil prices weighed on most Asian stocks on Thursday, but a dip in U.S. treasury yields offered some relief for broader markets worried by the prospect of aggressive rate hikes.
KUALA LUMPUR: The FBM KLCI entered midday with a slight lead although the broader market remained negative.
PETALING JAYA: The risk appetite of investors appear to have increased in recent months as small-cap stocks on Bursa Malaysia are once again in the limelight.
KUALA LUMPUR: The FBM KLCI remained locked in a sidways direction on Monday amid a lack of trading direction as major markets were closed last Friday for a holiday.
KUALA LUMPUR: The FBM KLCI extened its decline but remained above the 1,600-point psychological level at midday as investor sentiment soured over aggressive US rate hikes.