Asian stocks inch higher, fragile yen spurs intervention worries
SINGAPORE: Asian stocks rose on Wednesday, buoyed by Japanese shares, as investors braced for a snap election in Japan that could lead to more fiscal stimulus, while worries about central bank independence and benign U.S. inflation data whipsawed currencies.
FBM KLCI struggles to extend gains amid profit-taking pressure
KUALA LUMPUR: The FBM KLCI struggled to make more headway in morning trade, ending the session on a slightly negative note as traders took profit from the previous day's surge.
Japan's Nikkei hits record high on loose policy hopes, weaker yen
TOKYO: Japan's Nikkei share average rose to a record high on Wednesday, buoyed by hopes for more fiscal stimulus following a report last week that the government might call a snap election next month.
FBM KLCI holds firm above 1,700
KUALA LUMPUR: The return of foreign funds to blue chips on Bursa Malaysia could keep the FBM KLCI at multi-year highs, although the recent surge in prices and overbought conditions is anticipated to temper further gains.
Wall St falls with financials amid credit-card rate plan concern
US stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about US President Donald Trump's recent proposal for a cap on credit-card rates.
Is a bull run in the pipeline?
The "sell America" trade and improved investor sentiment looks likely to support Bursa Malaysia in the immediate future as the local benchmark plays catch-up to regional markets.
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5E Resources secures Bursa Malaysia nod for ACE Market listing
JOHOR BAHRU: Waste management services provider 5E Resources Holdings Bhd (5E Resources) has received approval from Bursa Malaysia Securities Bhd for its proposed listing on the ACE Market.
FBM KLCI hits multi-year high, banking stocks lead rally
KUALA LUMPUR: The FBM KLCI closed above the 1,700-point psychological level on Tuesday, as improving risk appetite and largely positive regional cues lifted sentiment, pushing the benchmark to a multi-year high.
Bank rally keeps FBM KLCI at multi-year highs
KUALA LUMPUR: The FBM KLCI stayed aloft of the 1,700-point level at it entered the lunch break, with heavyweight bank shares leading the surge to a multi-year high.
