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SYDNEY: Asian shares slid on Tuesday as relief at a rally on Wall Street was punctured by a retreat in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise from the ECB.
FBM KLCI descends into the red as negative sentiment continues
HONG KONG (AFP): Asian stocks retreated Tuesday (May 24) on concerns over the impact of China's Covid restrictions on the world's second-largest economy as investment banks slashed their forecasts.
(Reuters) -Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.
KUALA LUMPUR: The domestic market was seen bouncing higher on Tuesday as a rally on Wall Street helped to alleviate the selling pressure.
SYDNEY: Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB.
Trading ideas: Boustead Plantations, Sarawak Oil Palms, Ta Ann Holdings, Innoprise Plantations, Hextar Global, SP Setia, KPower, Destini, SCIB
KUALA LUMPUR: Recent corporate announcements could see investors turn their sights on Boustead Plantations, Sarawak Oil Palms, Ta Ann Holdings, Innoprise Plantations, Hextar Global, SP Setia, KPower, Destini, SCIB, EUPE Corp, Serba Dinamik, Hock Seng Lee and Petron M Refining & Marketing, said JF Apex Research.
NEW YORK/LONDON: U.S. and European stocks rallied on Monday, with the S&P 500 .SPXfor the moment moving away from a bear market, while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September.
NEW YORK/STOCKHOLM: Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a US$60 billion deal which would further diversify the chip manufacturer's business into enterprise software, people familiar with the matter said.
NEW YORK: Ask some of the world’s rich and powerful descending on Davos this week and they’ll tell you: After a two-year pandemic-enforced hiatus from the Swiss ski resort, the annual meeting of the World Economic Forum (WEF) just isn’t going to be the same.