MONEY MASTER

Stock markets  experienced another wild day, marked by  new tariff threats  and reversals from  President Donald Trump . While the day ended with a  red market board , investor sentiment remains uncertain amid the constant tariff drama between the  U.S. and Canada . Key Points : Tariff Threats : Trump sent an  all-caps social media post  threatening to  increase steel tariffs  on  Canada , but quickly reversed his stance after  Ontario  announced it would  suspend  its  25% surcharge  on electricity exports to the U.S. Back-and-Forth : The  U.S.  has several  pending tariff threats  against Canada, and Canada has said it will keep its  trade retaliation  in place until the U.S. removes its own tariffs and agrees to  free trade . Canadian Dollar Volatility : The  Canadian dollar  reached a  weekly low  due to the tariff uncertainty but bounced back. ...

Bursa Malaysia has raised caution over unusual market activity in Pertama Digital Bhd (KL: PERTAMA) , as the stock plunged further, marking its seventh straight day of losses . The company’s shares hit a limit-down of RM1.12 , a 30% drop, marking the lowest since August 2022 . This continuous sell-off has wiped out around RM434 million from its market value since Sept 26. Pertama Digital’s executive director Sabri Ab Rahman stated that the company is unaware of the reasons for the stock's steep decline but assured that the company remains financially strong . He highlighted that cost-cutting exercises have been completed, operations have been streamlined, and the company is operating efficiently without the need for external funding. The sharp drop in Pertama Digital's stock coincides with the announcement that the integration of Malaysia’s MyDigital ID platform with the MyJPJ app, which was set for Oct 10 , has been scrapped. Pertama Digital had secured a contract in ...

Chinese stocks have experienced a dramatic turnaround, with the CSI 300 Index surging 6.5% on Monday , marking its largest single-day gain since 2015. This rally extends a nine-day streak , pushing the index into a bull market after recovering more than 20% from its lows in mid-September. The gains come after the index had lost over 45% of its value from a 2021 high through mid-September. The rally follows significant government stimulus measures , including the easing of housing market rules in three of China’s largest cities, mortgage rate cuts , and liquidity support for the stock market. These actions, announced last week, also included interest rate cuts and freeing up cash for banks, signaling a comprehensive effort to revive the beaten-down market. Investor sentiment has surged, with turnover on the Shanghai and Shenzhen stock exchanges exceeding one trillion yuan ($143 billion) within just 30 minutes of trading on Monday. Analysts are optimistic about the market’s moment...