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KUALA LUMPUR: The ringgit retreated from yesterday’s gains to trade slightly lower against the US dollar in the early session today, as heightened tension between the United States and China prompted investors to return to safe-haven currencies, dealers said.
KUALA LUMPUR: Stocks to watch on Friday include Poly Glass Fibre (M) Bhd, HeiTech Padu Bhd, Tadmax Resources Bhd and Sime Darby Bhd, according to JF Apex Research.
SEOUL: Asian data laid bare the extent of damage to global trade with no clear sign that the worst is over even as the world takes tentative steps toward reopening.
KUALA LUMPUR: AmInvestment Research downgrades its call on the transportation & logistics sector to Underweight from Neutral due to the severe impact from the Covid-19 pandemic.
THE US dollar appreciated by 0.41% to 99.89 owing to worsening US-China relations following:
PETALING JAYA: The container throughput contraction for MMC Corp Bhd is expected to widen drastically in the second quarter as the coronavirus (Covid-19) continued to wreak havoc along the global supply chain and disrupt port operations.
NEW DELHI: India’s dominant services industries crashed last month, signalling a massive contraction in the economy during the strict stay-at-home restrictions
KUALA LUMPUR: AmInvestment Research sees the selldown of MMC Corporation (MMC) on market expectations its port throughput would be hit by the Covid-19 pandemic as “overdone”.
BENGALURU: India's services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike in layoffs and reinforcing fears of a deep recession in Asia's third-largest economy, a private survey showed.