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KUALA LUMPUR: Banks and Genting closed higher on Wednesday but the gains were not enough to prevent the FBM KLCI from slipping into the red as investors took profit on Top Glove and Hartalega.
HONG KONG: Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending.
KUALA LUMPUR: The ringgit opened mildly lower on Wednesday due to sturdier US dollar.
LONDON: UK employment fell by the most since the global financial crisis at the height of the nation’s coronavirus lockdown, in a taste of a mounting labour-market crisis.
PETALING JAYA: Malaysian Islamic banks are expected to remain resilient amid the coronavirus (Covid-19) fallout, underpinned by heavy concentration on retail financing, according to Moody’s Investors Service.