Market News & Events

(March 21): Signs of a cash squeeze are reappearing in China days before a reduction in the reserve requirement ratio takes effect.

WASHINGTON (March 21): Republican U.S. Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank "unable or unwilling to properly regulate" banks in a letter to Fed Chair Jerome Powell.

KUALA LUMPUR (March 21): Bursa Malaysia staged a rebound in early trade on Tuesday (March 21) amid improved buying sentiment, in line with the positive Wall Street performance overnight.

(March 20): Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be a painful and “vicious” start of an end to the bear market in US stocks.

KUALA LUMPUR (March 20): theeedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Monday (March 20). Five stocks showed negative momentum, while only one stock showed positive momentum.

KUALA LUMPUR (March 20): Bursa Malaysia ended the morning trading session lower amid weaker market sentiment on Monday (March 20). 

NEW YORK (March 17): A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest lenders came to the rescue of embattled First Republic Bank.

KUALA LUMPUR (March 17): The ringgit improved marginally against the US dollar at the opening on Friday (March 17) as major central banks are being more cautious in their monetary tightening strategy, in light of the concern in the banking sector, said an analyst. 

KUALA LUMPUR (March 17): Bursa Malaysia opened higher Friday (March 17) on better sentiment, sparked by the Wall Street rally overnight, following a joint rescue of First Republic Bank by several big US banks, an analyst said.