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Wall St eases from record highs on coronavirus concerns, Cisco results | Malay Mail

Wall St eases from record highs on coronavirus concerns, Cisco results | Malay Mail

13.2.2020

Wall St eases from record highs on coronavirus concerns, Cisco results | Malay Mail

FEBRUARY13 — Wall Street’s main indexes eased from record highs today, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment. The Chinese province at the centre of the coronavirus outbreak reported a...

FEBRUARY13 — Wall Street’s main indexes eased from record highs today, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment.“The virus news coming out of China (is) a bit concerning, especially when investors thought it was all behind them,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

NetApp Inc tumbled about 11 per cent as the data storage equipment maker’s current-quarter profit forecast fell short of expectations.Among other stocks, Kraft Heinz Co shed 7.6 per cent as it missed quarterly sales estimates and wrote down the value of some businesses – including coffee brand Maxwell House – by US$666 million.

Declining issues outnumbered advancers for a 1.31-to-1 ratio on the NYSE and for a 1.45-to-1 ratio on the Nasdaq.

Read more: Malay Mail

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Bursa Malaysia opens higher, tracking Wall Street’s overnight gains | Malay MailKUALA LUMPUR, Feb 11 — Bursa Malaysia opened higher, lifted by gains in index-linked counters as traders tracked overnight gains on the Wall Street. At 9.30am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 11.77 points to 1,554.57 from Monday’s close of 1,542.80, after opening 2.09 points...

World wary of coronavirus even as cases drop, Chinese drug trial results weeks away | Malay MailBEIJING, Feb 13 — China reported yesterday its lowest number of new coronavirus cases in two weeks, bolstering a forecast by Beijing's senior medical adviser for the outbreak there to end by April, but World Health Organization officials warned it could still “go in any direction.” The 2,015...

Coronavirus clips wings of Asia’s biggest air show | Malay MailSINGAPORE, Feb 11 — Asia’s biggest air show opened in Singapore today under the shadow of a deadly coronavirus outbreak that has forced companies to withdraw, kept visitors away and is battering the aviation industry. The biennial Singapore Airshow attracts hundreds of global aerospace firms...

WHO: Coronavirus emergency ‘holds a very grave threat’ for world | Malay MailGENEVA, Feb 11 — China’s coronavirus outbreak poses a “very grave threat for the rest of the world”, the head of the World Health Organisation (WHO) said on Tuesday in an appeal for sharing virus samples and speeding up research into drugs and vaccines. WHO director-general Tedros Adhanom...

Small Hong Kong businesses count the cost of coronavirus | Malay MailHONG KONG, Feb 11 — As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub. While Hong Kong’s retail sales extended their...



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