UK fashion brand Ted Baker fell 6.7 per cent as it rolled out plans to raise £95 million through a stock issue to help it ride out the challenges posed by the coronavirus. — Reuters pic
The pan-European STOXX 600 index rose 1 per cent by 0723 GMT and hovered near its strongest level since March 9, led by gains in banks, miners and travel & leisure stocks.
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Global stocks rebound on relief at Trump's response to China over Hong Kong | Malay MailNEW YORK, May 30 ― A gauge of global equities rebounded and crude oil rose yesterday after US President Donald Trump ordered an end to Washington's special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardise a trade accord with China. Trump said China broke its word over...
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In broadside against China, Trump moves toward ending Hong Kong privileges | Malay MailWASHINGTON, May 30 ― President Donald Trump yesterday ordered his administration to begin the process of eliminating special US treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial centre. In...
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Foreign fund outflow rises to RM589.6m this week | Malay MailKUALA LUMPUR, May 31 — Foreign investors continued to remain as net sellers this week, as total net outflow rose to RM589.62 million from RM394.34 million recorded last week. The local equities market resumed trading on May 27, after being closed on Monday and Tuesday for...
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IHS Markit: Malaysia’s PMI rises sharply in May, indicating economic downturn have bottomed out | Malay MailKUALA LUMPUR, June 1 — The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 45.6 in May 2020 from the record low of 31.3 in April 2020 survey. In a note today, IHS Markit said Malaysia’s manufacturing sector showed signs of approaching stabilisation...
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Hong Kong shares open with big gains | Malay MailHONG KONG, June 1 — Hong Kong stocks rallied at the start of trade today after Donald Trump stopped short of imposing sanctions on China over its plans for a security law in the city. The Hang Seng Index surged 2.52 per cent, or 578.44 points, to 23,539.91. China’s benchmark Shanghai...
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Bursa Malaysia rises at mid-morning | Malay MailKUALA LUMPUR, June 1 — Bursa Malaysia remained higher at mid-morning, in line with regional peers. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 16.11 points better to 1,489.36 from 1,473.25 at the close last Friday. However, on the broader market, decliners outpaced gainers 522...
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