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Hong Kong stocks set for bull market after US$1.1 trillion rebound
HONG KONG: Hong Kong stocks are set to join the rest of the world in bull market territory after a more than $1.1 trillion rebound that’s gathered steam in recent days.
Asia shares jump as China blue chips scale 5-year peak
SYDNEY: Asian shares scaled four-month peaks on Monday as investors counted on a revival in Chinese activity to sustain global economic growth, even as surging coronavirus cases delayed re-openings across the United States.
Foreign funds reduce pace of selldown
KUALA LUMPUR: Foreign funds remained as net sellers for the 20th week running although at a slower pace, according to MIDF Research.
CGS-CIMB Research ups Dialog target price to RM5.23
KUALA LUMPUR: Dialog Group’s RM100mil investment to expand its Langsat tank terminal capacity, which was faster than CGS-CIMB Equities Research’s forecast, has prompted the research house to maintain its Add call and sum-of-parts target price of RM5.23. Last traded price was RM3.73.
Zul comes into PNB at a tough time
The Harvard grad will have his hands full in meeting demands of unit holders
World’s largest pension fund loses US$165bil
TOKYO: The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global equity rout in the period.
Foreigners exit Japan stocks
TOKYO: Foreign investors sold Japanese equities for a third straight week as risk appetite took a hit after sharp spikes in cases of the novel coronavirus around the world
Morgan Stanley IM launches sustainable fund
KUALA LUMPUR: Morgan Stanley Investment Management (MSIM) launched the Morgan Stanley Global Balanced Sustainable Fund on Thursday.
Gold zeroes in on yield curve control after topping US$1,800
NEW YORK: Fresh from cracking US$1,800 an ounce, the global gold market wants to know what the Federal Reserve may do next to rescue the US economy, with minutes due yesterday that are expected to shed light on the central bank’s willingness to embrace yield curve control.
Palm oil set for better fortunes after pandemic
Sector seen headed for recovery in second half of year