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KUALA LUMPUR: Key Asian markets were in a sea of red on Thursday, with Bursa Malaysia also joining suit as losses by Petronas-linked stocks weighed on the FBM KLCI as the US-China trade tension showed no signs of abating.
BEIJING: China will strive to reach a "phase one" trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unravelling.
WASHINGTON: U.S. President Donald Trump is expected to sign legislation passed by Congress supporting Hong Kong protesters, setting up a confrontation with China that could imperil a long-awaited trade deal between the world’s two largest economies.
HONG KONG: MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its suite of indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.HONG KONG: MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its suite of indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.
Mobile classifieds company Carousell will be valued at over US$850mil after merging with rival 701Search. Telenor Group, which owned 701Search, will be the largest minority shareholder with 32% of the merged entity.
KUALA LUMPUR: The government is allocating RM6.5bil to Malaysia@Work to create jobs for Malaysians in the next five years, mainly for fresh graduates, under #MalaysiaAtWork, says the Prime Minister.
TOKYO: Global shares slid on Thursday as a fresh row between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now.
KUALA LUMPUR: Growing uncertainties about the progress of US-China trade talks sent key Asian markets into the red early Thursday while at Bursa, banks and Tenaga Nasional weighed on the FBM KLCI.