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NEW YORK: Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.
AMID a short working week in the United States in conjunction with Thanksgiving holiday, the dollar weakened by 0.43% to 91.99 – hitting the lowest level since January 2018 on the back of easing political noises after President Trump accepted that President-elect Joe Biden’s transition into the White House must begin as well as ongoing vaccine optimism.
KUALA LUMPUR: After the retail investor driven rebound on Bursa Malaysia on Thursday, blue chips made a slight retreat with some mild profit taking of Genting, Genting Malaysia and Public Bank in early Friday trade.
LONDON: Global stocks held near record highs on Thursday, as recent vaccine progress, Joe Biden's U.S. presidential election victory and hopes for further stimulus kept markets bullish. (US markets close for Thanks giving)
WASHINGTON: Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns.
NEW YORK: Stocks ended near the previous session record high on Wednesday as Wall Street bumped up against disappointing job market data, while oil continued to rise and the dollar weakened further.
KUALA LUMPUR: Blue chips managed to recoup all of their previous day’s losses on Wednesday as investor sentiment was bolstered by strong key Asian markets, with Public Bank and Telekom Malaysia underpinning the FBM KLCI’s advance.
BEIJING: Hong Kong shares end higher on Wednesday, tracking the rallies of stock markets worldwide as investors cheered an improved global economic outlook, but profit-taking in tech shares contained the gains.
Hong Kong stocks ended higher on Tuesday, tracking other Asian markets, as sentiment was lifted globally after a federal agency gave U.S. President-elect Joe Biden the go-ahead to begin his White House transition and on progress on a COVID-19 vaccine.
(Bloomberg) -- The dollar dropped to a two-and-a-half year low as the prospect of vaccine roll-outs added to headwinds for the world’s reserve currency.