Singapore markets opened marginally higher, but underlying sentiment remains cautious as Middle East tensions threaten economic growth and inflation stability . Market Holds Steady Despite Rising Risks The FTSE Singapore Straits Times Index edged up 0.05% to 4,899.83 , reflecting a balanced market tone : Advancers: 57 | Decliners: 47 Trading activity remained relatively muted This suggests investors are waiting for clearer macro signals amid global uncertainty. Global Headwinds: Oil and Tech Weigh on US Markets On Wall Street, markets were mixed: Nasdaq Composite Index fell 0.7% S&P 500 Index declined 0.4% Dow Jones Industrial Average rose 0.1% Losses in technology stocks and rising oil prices offset relatively dovish comments from Jerome Powell , who signalled no immediate need for rate hikes. Singapore Growth Outlook Faces Downside Risks RHB flagged rising downside risks to ...
KUALA LUMPUR (Feb 26): The FBM KLCI fell 5.58 points or 0.32% today with Asian peers as optimism on US-China trade talks appeared short-lived. Malaysian shares also contended with lower crude oil prices.
At 5pm today, the KLCI closed at 1,719.00 as investors were mindful that although US President Donald Trump said on Sunday he would delay a tariff hike on US$200 billion of Chinese imports, there is no guarantee that the delay will translate into a formal agreement that will benefit trade activities.
Investors are “coming back to their senses,” Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com today.
Reuters reported today that Trump said on Sunday he would delay a tariff hike on US$200 billion of Chinese imports in the clearest sign yet that both sides were making progress in the talks, but he also sounded a note of caution, saying a deal "could happen fairly soon, or it might not happen at all".
It was reported that today's losses in Asian stock markets came as JPMorgan analysts urged investors to "curb some of their enthusiasm" over the trade talks, saying the extension to the deadline was a "foregone conclusion".
Across Bursa Malaysia today, 2.64 billion shares worth RM2.21 billion
exchanged hands as oil and gas-related equities closed down amid lower
crude oil prices. Top decliner Petronas Dagangan Bhd closed down RM1.60
at RM26.80.
On oil markets, Reuters reported that oil inched down today to extend losses of more than 3 percent from the previous session, easing after Trump called on OPEC to rein in its efforts to boost prices. It was reported that Brent futures were at US$64.66 a barrel at 0533 GMT, down 10 cents, or 0.2 percent, from their last close.
Source: The Edge
On oil markets, Reuters reported that oil inched down today to extend losses of more than 3 percent from the previous session, easing after Trump called on OPEC to rein in its efforts to boost prices. It was reported that Brent futures were at US$64.66 a barrel at 0533 GMT, down 10 cents, or 0.2 percent, from their last close.
Source: The Edge
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