Asian Markets Rise Before US Jobs Report, Fed Comments Ease Rate-Hike Fears Asian equities moved higher on Friday as investors positioned themselves ahead of the crucial US August jobs report. The biggest shift came from Federal Reserve Governor Christopher Waller, whose comments reduced fears of an imminent US interest-rate hike and helped bonds recover, the US dollar weaken and the Japanese yen strengthen. 30-Second Market Snapshot 🇯🇵 Nikkei: +0.8% 🇨🇳 China blue chips: +1.0% 🇰🇷 Kospi: +1.1% 🌏 MSCI Asia ex-Japan: +1.0% 💵 US Dollar Index: 98.96 🇯🇵 USD/JPY: around 155.7 🥇 Gold: around US$4,470/oz 🛢️ Brent crude: around US$95.52/barrel 🇺🇸 US 2-Year Treasury Yield: 4.34% 🇺🇸 US 10-Year Treasury Yield: 4.76% Big Story Today Markets are becoming slightly less convinced that the Federal Reserve will raise interest rates in September. Fed Governor Christopher W...
Quick Summary Greentronics’ share price collapsed, wiping out up to 79% of its market value Bursa Malaysia issued an Unusual Market Activity (UMA) query Company must confirm if any undisclosed developments caused the plunge Shares rebounded partially, but volatility remains extremely high What Happened Greentronics Technology Bhd was ordered by Bursa Malaysia to explain an extraordinary sell-off that saw its shares crash as low as 5 sen , from 19 sen , erasing 79% of its market capitalisation at the intraday low. The exchange has asked Greentronics to: Confirm whether there were any unannounced corporate developments Clarify the existence of ongoing negotiations, rumours or reports Reaffirm compliance with disclosure and listing requirements Market Impact Intraday low: 5 sen Noon close: 18.5 sen Shares traded: 8.87 million Market cap: ~RM45 million at the low RM166.2 million at 18.5 sen Key point...