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Wall Street succumbs to soaring bond yields

NEW YORK, Oct 4 — US stocks fell broadly today, mirroring weakness in the global markets, as government bond yields surged to multi-year highs on robust US economic data and optimistic views from the Federal Reserve. Ten of the 11 major S&P…


Wall Street climbs with support from financials, tech stocks

NEW YORK, Oct 3 — US stocks rose today, with the Dow Jones Industrial Average at an all-time high, driven by gains in financial and technology stocks. Ten of the 11 major S&P sectors were higher. Financials led with a 0.6 per cent gain,…


Banks pull FTSE 100 down while Royal Mail shares hit record low

LONDON, Oct 3 ― British shares retreated yesterday as the positive impact of a new North American free trade pact faded globally and shares of Royal Mail hit a record low the day after the 500-year-old postal service issued a profit warning. The…


US futures steady ahead of expected rate hike

NEW YORK, Sept 26 ― US stock index futures edged higher today, with bank stocks among the gainers, ahead of a widely expected Federal Reserve interest rate hike. Shares of JPMorgan, Citigroup, Wells Fargo , Bank of America and M&T Bank were up…


Global stocks rally for a second day, setting aside trade fears

NEW YORK, Sept 20 ― World stock markets rallied for a second straight day yesterday, while safe-haven assets such as US bonds and the Japanese yen slipped to multi-week lows on bets the ongoing US-China trade spat would inflict less damage than…


Wall St rises on trade hopes, S&P equals longest bull run

NEW YORK, Aug 21 — The benchmark S&P 500 edged closer to a record high yesterday, matching its longest-ever bull-market run, as US stocks rose after some encouraging earnings reports and on hopes that the United States and China could resolve…


Bursa joins global selloff as Turkey’s economic crisis unfolds

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KUALA LUMPUR: Bursa Malaysia was not spared the bloodshed in global markets as fears mounted over the Turkish financial crisis. At noon, Japan’s Nikkei was down 2.2%, the Shanghai Composite Index down 1.37% and Kospi down 1.8%. The Turkish Lira, which has last about half of its value since September 2017, plummeted as the White House doubled steel and aliminium tariffs on the nation even as President Recep Tayyip Erdogan steadfastedly refused to raise interest rates in what he claims is an “economic war” against foreign interests. The Lira’s plungeRead More


Amazon and Microsoft nudge S&P 500 closer to record high

NEW YORK, Aug 8 — The S&P 500 inched nearer to a record high yesterday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism about the US economy's strength. The S&P 500 last closed…


KLCI slides as investors resume selloff following trade war talks

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KUALA LUMPUR: Global equity markets were hit on Thursday by US President Donald Trump’s proposal to increase tariff hikes on US$200bil on Chinese imports to 25%. Bursa Malaysia, which had seen foreign investment return over the last two sessions, saw renewed selling pressure in Thursday morning trade as bloodshed took over Asian markets. At 12.30pm, the Shanghai Composite Index was down 2.5% while the blue chip CSI 300 fell 2.6%. Japan’s Nikkei lost 1.1%. Going into midday break, the FBM KLCI slid 7.94 points to 1,780.37. Trading volume was 1.21Read More


Asia stocks mixed after Bank of Japan policy decision

HONG KONG, July 31 — Asian markets were mixed today as the Bank of Japan tweaked its monetary policy in a bid to make its massive easing programme sustainable, with stocks recovering early losses fuelled by a slump among US tech firms. Tokyo’s…