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SINGAPORE: Stock bulls have taken over emerging markets (EMs), a technical indicator suggests.
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.
HONG KONG: The ringgit, one of 2019’s Asian forex laggards, surprised many traders near the finish line with strong gains in the past week.
GADANG Holdings Bhd accelerated its rebound on Tuesday, having earlier bounced off the 64 sen mark to halt a decline and to assume a recovery position.
KUALA LUMPUR: Key Asian markets fell early Tuesday as worries about the worsening US-China trade war and the fallout on economies while at Bursa Malaysia, profit taking on Public Bank and Hong Leong Bank weighed on the FBM KLCI.
KUALA LUMPUR: The start of a fresh week saw investors selling down the stock market, sending the FBM KLCI down 13.33 points to 1,613.43 in the early session.
KUALA LUMPUR: US President Donald Trump’s fresh threats against China sent global markets and key regional bourses sharply lower as trade tensions boiled over again.