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Fall in glove stocks offsets banks' rally
KUALA LUMPUR: The FBM KLCI ended the day in the red despite bank stocks gaining weight on the back of Bank Negara's decision to keep the overnight policy rate unchanged.
China stocks fall as consumers, material firms tumble
BEIJING/SHANGHAI: Chinese shares fell on Thursday, weighed down by consumer and material firms, as the benchmark index reversed course a day after its biggest gain in three weeks.
Asia markets resume losses as inflation fears take hold again
HONG KONG (AFP): Asian investors retreated as the rollercoaster ride on global markets continued, with fears over inflation winning the tug of war with vaccine optimism on Thursday (March 4).
Relaxation of MCO, vaccination positive for market
KUALA LUMPUR: The relaxation of movement control measures will be viewed positively by the market as this reduces corporate earnings risk concerns, CGS-CIMB Equities Research says.
Dubai’s biggest developer to take over mall unit
DUBAI: Emaar Properties PJSC, the Dubai-based developer of the world’s tallest tower, plans to take over its malls unit as the coronavirus pandemic exacerbates a property downturn in the Middle East business and tourism hub.
KLCI extends gains, closes 18 points higher
KUALA LUMPUR: Share prices on Bursa Malaysia extended their gains to close higher on Wednesday on continued buying in index-linked stocks, amid a positive market undertone.
Glove stocks make strong rebound ahead of earnings results
KUALA LUMPUR: The FBM KLCI extended a positive retracement on Wednesday as investors overcame earlier anxieties over a sell-off in US Treasuries.
Asian equities advance but inflation, correction worries persist
HONG KONG (AFP): Asian markets rose Wednesday (March 3) following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
GLOBAL MARKETS: Stocks edge down as investors hit pause, watch bond yields
NEW YORK: Global equity markets were little changed on Tuesday as Wall Street retreated and investors took stock of gains from Monday's surge, pausing to gauge whether a bond yield jump had run its course.
Improving corporate earnings boon to market
PETALING JAYA: The improving corporate earnings, supported by the reopening of the economy as the Covid-19 vaccination programme expands, will help lift the Malaysian equity market.
