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KUALA LUMPUR: The FBM KLCI fell below the critical 1,500 level in late morning trade on Monday on the political crisis in the ruling coalition government but key Asian markets skidded over the Covid-19 coronavirus.
KUALA LUMPUR: Bursa Malaysia saw an exodus of foreign funds in the week ended February 21, making it the second largest weekly foreign net outflow seen so far in 2020.
HOPES are running high that the earnings and operations of virus-hit companies can gradually recover, on some decline, seen on certain days, in the number of new cases in China
IT is already strange that a company has to be suspended because of criminal investigations into its premises. It’s even worse when its fundamentals are impacted due to the police investigations.
Amid a short working week in conjunction with President’s Day, the dollar climbed 0.75% to 99.865, marking a near three-year high. The broad strength in the dollar was supported by demand for safe-haven assets in view of the coronavirus conundrum.
KUALA LUMPUR: Most key Asian markets except for China closed markedly lower on Friday as the impact of the Covid-19 continued to batter investor sentiment while the virus continued to spread.
Production of technology and EMS firms may be affected
SHANGHAI: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
TAIPEI: Taiwan’s Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will “cautiously” resume output at its main factories in China that were shut because of the outbreak.
SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.