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KUALA LUMPUR: Malaysia is set to cut its benchmark interest rate to its lowest level on record as it seeks to support the reopening economy amid soaring unemployment and the threat of recession.
PETALING JAYA: The FBM KLCI is hair’s breadth away from recouping the RM228bil in market capitalisation it lost from the start of the year, exacerbated by the Covid-19-induced rout.
SYDNEY: Economists are divided on the outlook for Australia’s recovery: Many expect it to be U-shaped, while a growing number see a W shape.
SINGAPORE: The world’s biggest asset manager is betting that some of the Asian markets that are closely tied to China’s recovery and have policy headroom will outperform peers over the next year.
SYDNEY: Australia’s largest pension fund is buying more stocks in an effort to lift returns next year as it bets the economy will recover from the coronavirus pandemic.
KUALA LUMPUR: Bursa Malaysia was carried higher by a wave of optimism that took over Asian markets as fiscal stimulus measures offset record levels of new coronavirus cases in the US.
KUALA LUMPUR: The ringgit opened slightly better than the US dollar following the weaker greenback as risk appetite rose amidst the rising COVID-19 cases in the United States. As at 9 am, the ringgit was quoted at 4.2800/2850 compared with 4.2840/2900 last Friday.
KUALA LUMPUR: Bursa Malaysia and key Asian markets started Monday on a positive note with glove makers dominating the gainers list while overall trading volume rose to 990 million shares.
SYDNEY: Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.
KUALA LUMPUR: AmInvestment Bank research is keeping its underweight call on Cahya Mata Sarawak Bhd, even as its operations contiue to normalise post-movement control order.