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Former Kuaishou executive arrested for alleged corruption amid anti-bribery pressure on China’s Big Tech
Zhao Danyang, a former vice-president at Kuaishou responsible for its content business, was arrested along with two subordinates. The video-sharing company joins other tech giants, including Tencent, with employees that have been investigated for corruption.
KUALA LUMPUR: Some mild buying of blue chips helped the FBM KLCI extend its rebound early Friday but the tech sell-off on Wall Street and weaker Asian markets weighed on the broader market.
KUALA LUMPUR: Stocks to watch on Friday include Malaysian Pacific Industries Bhd (MPI), Malaysian Resources Corp Bhd, SKP Resources Bhd, Genting Bhd, Kerjaya Prospek Group Bhd and S P Setia Bhd, according to JF Apex Research.
NEW YORK: Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields
(Reuters) - Dell Technologies Inc beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis.
NEW YORK: GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer’s stock price would stabilise after a fierce rally and steep dive that upended Wall Street in January.
SYDNEY: The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policymakers are struggling to defend their yield targets.
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
KUALA LUMPUR: Semiconductor and tech-related stocks led the stock higher in early Thursday trade after the broad selloff the previous day as investors sentiment perked up on the firmer overnight Wall Street close.
KUALA LUMPUR: Genting Plantations Bhd, DRB-Hicom Bhd, Inari Amertron Bhd, Press Metal Aluminium Holdings Bhd, Aeon Co (M) Bhd, Dayang Enterprise Holdings and Destini Bhd are among the stocks to watch on Thursday, according to JF Apex Research.