KUALA LUMPUR: Suggestion from a top US policymaker that the trade conflict between the US and China was not sustainable and will "de-escalate" helped buoy global market sentiment on Wednesday. At the starting bell, Malaysia's benchmark index leapt 11.11 points to 1,497.36, tracking Wall Street's overnight surge as remarks from US Treasury Secretary Scott Bessent raised...
KUALA LUMPUR: The benchmark FBM KLCI was flirting with the 1,500 mark in early trading as investors held on to gains amid a slight uptick in positive sentiment. At the opening bell, the main index rose 2.68 points to 1,502.08, briefly surpassing the resistance before retreating to sit flat on the hurdle. According to Rakuten Trade, the...
KUALA LUMPUR: Domestic equities prices shot up on Monday following the weekend announcement that the US was allowing tariff exemptions on smartphones and electronics. The move suggested the Trump administration was finding ways to ease the downwards pressure of tariffs on the US economy and bond prices, raising investor sentiment and sending global equities prices higher. At...
KUALA LUMPUR: Bursa Malaysia's main index ended the early session on a strong rebound, in line with regional markets, as investors turned their sights to China on more plans to stimulate the economy. At 12.30, the FBM KLCI was up 17.07 points to 1,529.22 while the market was broadly higher with 655 stocks rising as compared...
KUALA LUMPUR: The weakness on the domestic stock market persisted on Friday following a plunge on Wall Street overnight amid the uncertainty over US tariffs. At the opening bell, the benchmark FBM KLCI dropped 3.16 points to 1,555.75. Bank stocks remained mixed on Friday following the decline in the previous session. CIMB rose five sen to RM7.55 while...
Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto. According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass...
