KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
KUALA LUMPUR (Jan 12): The FBM KLCI today closed 1.15 points or 0.07% lower as investors stayed cautious amid a new round of China-US trade talks.
At 5pm, the KLCI closed at 1,687.41. The index, which was mainly in the red today, cut losses after falling to its intraday low at 1,683.73.
“The bigger caps (bigger market capitalisation stocks) and major shares will still depend on external issues, and now with another round of negotiations between the US and China, investors are still in a cautious sentiment,” Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng told theedgemarkets.com.
The KLCI cut losses after equity indices across Asia closed higher with US stock futures. Japan's Nikkei 225 climbed 2.61% while South Korea's Kospi rose 0.45%. In China, Hong Kong’s Hang Seng was up 0.1% while the Shanghai Stock Exchange Composite increased 0.68%.
It was reported that S&P 500 e-mini futures were up nearly 0.5
percent. Reuters reported that Asian shares gained on Tuesday as
investors hoped a new round of US-China trade talks would help to
resolve a dispute that has dented global growth and some corporate
earnings. It was reported that US and Chinese officials expressed hopes
the new round of talks, which began in Beijing on Monday, would bring
them closer to easing their months-long trade war.
It was reported that Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which US tariffs on US$200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.
Source: The Edge
It was reported that Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which US tariffs on US$200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.
Source: The Edge
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