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KUALA LUMPUR: Semiconductor and tech stocks led the broader market higher while Public Bank nudged the FBM KLCI higher in early Thursday trade as investors sentiment was shored by the record high of global stocks.
TOKYO: Asian shares climbed to a record high on Wednesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemic-driven slump.
Emerging Markets: Thailand has big jump in stock market; S. Korea leads Asia stock gains on auto boost
SINGAPORE, Jan 19 (Reuters): South Korean shares jumped nearly 3% on Tuesday after steep losses in the previous session as gains in heavyweight auto shares provided a boost, with investors also eyeing prospects for more stimulus to support an economic recovery.
BEIJING, Jan 19 (Xinhua): With gross domestic product (GDP) growing by 2.3 per cent, surpassing the milestone of 100 trillion yuan (US$15.42 trillion), China's economic data in 2020 released Monday attests to the resilience and vitality of the world's second largest economy.
BEIJING/SHANGHAI: China will provide necessary policy support for the economic recovery this year, to avoid a "policy cliff", as small firms remain hard-pressed amid the pandemic, a senior official at the state planner said on Tuesday.
KUALA LUMPUR: RHB Banking Group has revised its forecast for Malaysia’s Gross Domestic Product (GDP) this year to 5.4 per cent from 6.3 per cent, reflecting a more conservative growth outlook amid the re-imposition of the Movement Control Order (MCO 2.0).
SEOUL: South Korea lost the most jobs in two decades and the unemployment rate hit a 10-year high as the country’s worst coronavirus outbreak yet forced businesses to slash hiring.
NEW YORK: With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.