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KUALA LUMPUR: The year-to-date foreign net outow from Bursa Malaysia surpassed RM13nil last Friday to touch RM13.3bil, according to MIDF Research.
NEW YORK: A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington's special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
REVIEW: The easing lockdowns in many countries and hopes for a vaccine discovery remain the focal point of investor-buying, which has been driving up market valuations in what appears to be a strong, sustained recovery.
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
BANGKOK (AP): Shares fell Friday (May 29) in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
KUALA LUMPUR: Blue chips fell in early Friday trade as US-China tensions saw investors backing off and the FBM KLCI faced selling pressure.
NEW YORK: A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocksand the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations.
PETALING JAYA: The FBM Kuala Lumpur Composite Index (KLCI) hit the highest level in almost 12 weeks or nearly three months, even as the overall market breadth turned negative on Thursday.
Amazon.com Inc’s talks to buy driverless vehicle startup Zoox Inc has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.