Asian stocks dive as focus on earnings, geopolitics
SINGAPORE: Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year.
Profit-taking halts rebound on FBM KLCI
KUALA LUMPUR: The FBM KLCI is seeing some profit-taking pressure despite improved domestic sentiment following the tabling of Budget 2027.
Nasdaq ends lower as oil prices surge ahead of earnings, economic data
THE Nasdaq composite closed lower on Monday as oil prices jumped nearly $2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week.
Soaring yields may spare central banks
NEW YORK: Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest rate hikes needed to get inflation under control.
Bursa cautious as global risks offset budget perks
PETALING JAYA: Despite the long-term, growth-supportive measures tabled in Budget 2027 – including fiscal deficit consolidation targets (3.3% of gross domestic product), a minimum wage hike to RM2,000, and elevated broad-based cash aid – near-term investor sentiment on Bursa Malaysia will likely remain cautious and constrained by global macroeconomic dynamics.
RM100mil local inflows recorded
KUALA LUMPUR: Local institutions extended their net buying on Bursa Malaysia to three consecutive weeks, recording net inflows of RM99.9mil last week, according to MBSB Investment Bank Bhd (MBSB IB).
FBM KLCI closed marginally higher
The FBM KLCI closed 9.56 points or 0.59% higher at 1,618.01 points with Genting Bhd slumping 22.87% to RM1.45 while Genting Malaysia Bhd fell 17.45% to RM1.23.
FBM KLCI remains higher at midday on bargain hunting, Budget 2027 optimism
KUALA LUMPUR: Bursa Malaysia's key index stayed higher at midday, supported by selective bargain hunting and optimism surrounding Budget 2027, and in line with the rebound on Wall Street.
Local institutions record net inflows of RM99.9mil - MBSB IB
KUALA LUMPUR: Local institutions extended their net buying on Bursa Malaysia to three consecutive weeks, recording net inflows of RM99.9 million last week, according to MBSB Investment Bank Bhd (MBSB IB).
Shares cautious in Asia as earnings loom, oil slips
SYDNEY: Asian share markets got off to a cautious start on Monday as earnings season loomed as a challenge to sky-high tech valuations, while oil was choppy after strikes on shipping and airports in the Gulf.
