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SHANGHAI: China shares on Thursday extended their rally into an eighth day, fuelled by liquidity, policy support and retail investor enthusiasm, even as regulators cracked down on margin financing and as state media warned of market risks.
KUALA LUMPUR: The ringgit opened firmer against the US dollar today, supported by stable but quiet trading in crude oil, analysts said.
Twitter Inc shares rose as much as 12% on July 8 amid speculation that the social media company is building a paid subscription-based service.
NEW YORK: The dollar dropped to two-week lows on Wednesday, showing reduced safe-haven appeal for now, as U.S. tech stocks rallied and commodity prices firmed, even as sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States.
NEW YORK: U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country.
PETALING JAYA: The Securities Commission (SC) has cautioned the public against the usage of Crypto Automatic Teller Machines (Crypto ATMs).
PETALING JAYA: While the recent interest rate cut will have a minimal impact on the local property industry, the various supportive policies announced by the government is sufficient to help sustain the sector.
PETALING JAYA: The latest round of interest rate cuts is expected to be mildly positive for the local automotive sector, as it will increase consumers’ disposable income.
HONG KONG: Demand among Asia’s rich for tech investments has led Hong Kong-based broker CLSA to offer private bank clients the first broad access to unlisted so-called “unicorns” via fast-growing secondary markets.