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Showing posts with the label China slowdown

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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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Asian Markets Slide as Weak China Data and US Tariff Deadline Rattle Sentiment

Asian stocks and currencies fell sharply Thursday as disappointing Chinese manufacturing data and the looming August 1 US tariff deadline fueled risk-off sentiment across the region. Key Moves: Currencies: Philippine peso slid nearly  1%  to a five-month low of  58.37/USD , heading for its worst month since October. Taiwan dollar fell  0.8%  to a seven-week low, extending a six-session losing streak. Malaysia’s ringgit dropped  0.6%  for a fifth consecutive session; Indonesia’s rupiah slipped  0.5% . The MSCI EM currency index is set to snap a six-month rally, losing over  1%  in July. Equities: MSCI Emerging Asia stock index slid over  1%  to a two-week low, though still up more than 2% for July. Hong Kong and mainland China stocks led declines on weak PMI data. Manila fell over  1% , Singapore dropped  0.9% , while Kuala Lumpur and Jakarta lost over  0.4%  each. Drivers: China Slowdown:  July PMI show...
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Asian Stocks Drop on Weak China Data, Copper Price Crash

Asian markets slid Thursday as disappointing Chinese economic data and a steep drop in copper prices weighed on sentiment, while investors digested fresh U.S. trade moves and the Federal Reserve’s decision to hold rates steady. Key Drivers: China Slowdown:  Hong Kong and mainland China shares led losses after July PMI readings came in weaker than expected, signaling slower economic activity. Copper Prices:  Copper futures plunged  19.4%  after the U.S. announced a  50% tariff on copper pipes and wiring , though raw copper materials were excluded. US-South Korea Deal:  The Korean won rose 0.3% after President Trump announced a trade pact imposing a 15% tariff on Korean imports in exchange for  US$350B in U.S. investments  and  US$100B in energy purchases . Global Market Moves: MSCI Asia-Pacific ex-Japan:  -0.7%, still on track for a fourth monthly gain. NASDAQ Futures:  +1.2%, buoyed by strong Microsoft and Meta earnings. S&P 500...
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