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SHANGHAI: China's mutual fund industry saw another massive jump in new products and subscriptions in June, suggesting the swift rally in mainland stocks has room to run further.
KUALA LUMPUR: The key Malaysian market index consolidated below the 1,600-point level as profit-taking in rubber glove counters put a cap on the rally even as fresh tensions surfaced between the US and China.
HONG KONG (AFP): Fresh hopes for a virus vaccine and another round of US stimulus lifted Asian markets on Wednesday, though gains remained tethered by the reimposition of containment measures and China-US tensions.
KUALA LUMPUR: Pharmaniaga and Duopharma jumped in early Wednesday trade on news they will package Covid-19 vaccine when it is publicly available while glove makers came under profit taking after their sizzling rally.
WASHINGTON (Reuters) - President Donald Trump used a White House event on China to excoriate his expected Democratic presidential rival, Joe Biden, on Tuesday in a rambling diatribe that turned the Rose Garden setting into a substitute rally venue, minus his supporters.
SKOPJE (Reuters) - North Macedonia holds a parliamentary election on Wednesday that may decide the pace of the country's bid for European Union membership, with the governing pro-EU Social Democrats and the main opposition nationalists locked in a close race.
NEW YORK (Reuters) - Art is giving Eric Garner's family the trial the U.S. justice system never provided them.
KUALA LUMPUR: Hartalega and Top Glove's sizzling rally hit a speed bump on Tuesday as investors took profit and pushed the FBM KLCI below the critical 1,600 level as key Asian markets retreated.
SHANGHAI: Chinese investors are switching to the stock market from safe-haven money market funds (MMFs) as they bet on a speedy recovery and continued policy support for a pandemic-stricken economy.