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HONG KONG (AFP): Asian stocks opened higher on Tuesday (Dec 7) as investors took heart from strong rebounds on Wall Street on hopes that the newest coronavirus variant will prove less dangerous than previously feared.
KUALA LUMPUR: Bursa Malaysia bounced higher on encouragement from the strong rebound on Wall Street overnight as investors shrugged off fears over the Omicron strain of the Covid-19 virus.
KUALA LUMPUR: Stocks with recent corporate news flow that could receive investor interest on Tuesday include Mah Sing, Yinson, T7 Global, Kelington, Jade Marvel, Kerjaya Prospek Property, Bintai Kinden and KNM, said JF Apex Research.
NEW YORK: The dollar edged higher while U.S. and European shares rallied on Monday after easing concerns about the Omicron coronavirus variant led investors to buy stocks that will likely perform well in a rising interest rate environment.
IT has been over a month since Budget 2022 was announced. It was also passed at the policy stage in the Parliament on Nov 18 – which means the various measures announced in the 2022 fiscal plan will be implemented one by one, and one of them would be the controversial “prosperity tax”.
SINGAPORE: Emerging-market traders are taking the once-bitten, twice-shy approach with South-East Asia and Omicron, dumping shares from the region that was most impacted when the Delta variant arrived.
NEW YORK: A brutal bout of selling that wiped billions of dollars from profitless growth companies, initial public offering stocks and special purpose acquisition company’s (SPACs) has now caught up with bitcoin, further stressing risk tolerances and brokerage balances among small-time traders.