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US-China trade talks optimism lifts shares, oil gains

NEW YORK, Aug 21 — A gauge of global equity markets rose yesterday on hopes US-China trade talks this week will diffuse the dispute, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were fired outside the US…


Shares climb on hopes for US-China trade talks, Turkish lira falls

LONDON, Aug 20 — Global stocks rose today amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara….


KLCI gains momentum going into midday, PetChem lifts

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  KUALA LUMPUR: After a slow start at the open, the FBM KLCI moved higher into positive territory, lifted by Petronas Chemicals, and ended the morning session up 4.5 points to 1,787.97. Trading volume was 1.18 billion shares valued at RM851.41mil. There were 335 gainers versus 417 decliners and 377 counters unchanged. Asian markets were cautiously optimistic as investors awaited more details on proposed trade talks about the US and China. Japan Nikkei moved between positive and negative territory, and traded 0.33% lower at midday. Shanghai’s Composite Index was upRead More


Oil could hit US$100 on supply disruptions, expert claims

KUALA LUMPUR, Aug 20 — Global crude oil price could top US$100 (RM410.20) if the US strictly enforces sanctions against Iran, said a vice president at the IHS Markit international consultancy. “The Trump administration is adamant on imposing a…


Asia shares inch up with yuan, wary on Sino-US talks

SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan rallied away from dangerous lows. MSCI’s broadest index of Asia-Pacific shares outside…


Bursa moves higher after uncertain start

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KUALA LUMPUR: Asian markets opened on a slightly optimistic note as reports suggest that trade talks between the US and China could be held as soon as Tuesday or Wednesday. Japan’s Nikkei fluctuated between positive and negative territory in early trade amid fears of further strain on the Chinese yuan and Turkish lira. At 9.18am, the FBM KLCI was up 0.9 points to 1,784.4. Trading volume was 232.9 million shares valued at RM109.3mil. There were 207 advancers, 137 decliners and 230 counters unchanged. The index had moved quickly between gainsRead More


Asia shares inch up, cautious on Sino-US trade talks

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SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain. MSCI’s broadest…


Market at technical support level

The FBM KLCI snapped a five-week gain last week as market started on take profits. The index declined 1.2 per cent in a week to 1,783.47 points last Friday, in line with global markets performances. Market data was slightly bearish. Firstly, corporate results for the second quarter was rather mixed and secondly, Bank Negara has […]


Oil’s on its longest losing run since 2015 on turmoil and supply

SYDNEY, Aug 17 — Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies….


Oil’s on longest losing run since 2015 on turmoil and supply

SYDNEY, Aug 17 — Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies….