KUALA LUMPUR: The US's announcement of the revised tariff rate for Malaysia - higher than before trade negotiations had begun - came as a negative surprise to investors on Tuesday. The benchmark FBM KLCI extended its fall by 7.85 points to 1,529.69. In the first batch of letters sent out to trade partners, the Trump administration raised...
KUALA LUMPUR: There remains a cautious undertone on the domestic market as investors are monitoring closely the ceasefire between Iran and Isreal, although blue chips have slowly crept up on growing optimism. Following a mixed performance on Wall Street, the FBM KLCI rose 0.45 points to 1,520.24, a marginal increase that remained capped by the overhead...
KUALA LUMPUR: There was little to move the Malaysian market barometer on Thursday after the US Federal Reserve announced its widely expected decision to keep the interest rate unchanged, followed by a flat performance on Wall Street. The domestic benchmark index eked out a 1.05-point gain to 1,512.94 at the start of trading, suggesting investors remained...
SINGAPORE: Asian stocks rose on Tuesday while U.S. Treasury yields steadied allowing a bit of a breathing room for the U.S. dollar as investors took stock of the debt load of the world's biggest economy and awaited trade deals. Moody's downgrade of its rating for U.S. sovereign credit last week - due to concerns about that...
HONG KONG: Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month. The dollar edged down after data showed US wholesale prices rose less than expected last month and retail sales were...
KUALA LUMPUR: The upward momentum on Bursa Malaysia continued on Monday as there has been a swell of optimism that trade negotiations between the US and China are likely to kick off in the near term. At 9.05am, the benchmark FBM KLCI was up 2.84 points to 1,545.33, with the buying interest picking up where it...
KUALA LUMPUR: The FBM KLCI experienced a mild pullback as trading commenced on Friday after a one-day Labour Day holiday, with investors taking profit off strong gains from earlier in the week. The FBM KLCI slipped 2.8 points to 1,537.42 despite Wall Street's rally overnight on the back of stronger-than-expected earnings by Meta Platforms and Microsoft. Nvidia...
HONG KONG: Stocks started limply Wednesday (April 30) as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in. While markets have recovered some of the losses suffered after the US president's "Liberation Day" tariffs...
KUALA LUMPUR: Investors on Bursa Malaysia are taking time to digest recent gains as Wall Street ended mixed overnight ahead of the release of quarterly results from Big Tech. On Malaysia's main index, blue chips took a breather below the 50-day simple moving average after four consecutive days of gains with foreign funds returning to the...
KUALA LUMPUR: Bursa Malaysia started the week on a positive note with an improvement in market sentiment as US President Donald Trump adopted a calmer tone in handling geopolitical affairs. Continuing its recovery from the previous week, the benchmark FBM KLCI rose 2.63 points to 1,511.83, which puts the index at levels of trading prior to...
