Market News & Events

KUALA LUMPUR (July 6): The FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher this morning, lifted by gains in banking stocks, led by Public Bank and CIMB.  

KUALA LUMPUR (July 6): The ringgit opened lower against the US dollar on Wednesday (July 6) as the greenback continued to strengthen its appeal as a safe-haven currency amid the risk-off sentiment surrounding the market, analysts said.

SINGAPORE/HONG KONG (July 6): The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency.

(July 5): South Korea’s inflation hit its fastest clip since late 1998 in June, outstripping forecasts again and keeping pressure on the Bank of Korea (BOK) to consider an outsized interest-rate hike next week.

KUALA LUMPUR (July 5): Bursa Malaysia rebounded to open slightly higher on Tuesday morning on mild buying interest in the broader market.

KUALA LUMPUR (July 5): The ringgit opened lower against the US dollar on Tuesday (July 5) as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) two-day Monetary Policy Committee (MPC) meeting to start on Tuesday, analysts said.

KUALA LUMPUR (July 4): Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir said on Monday (July 4) the Malaysian sovereign wealth fund is consolidating its commercial and strategic funds into a single portfolio to further streamline performance management and monitoring of its investments with the aim to enhance Khazanah’s financial strength.

BENGALURU (July 4): Malaysia's central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S. Federal Reserve hikes aggressively, a Reuters poll found.

SYDNEY (July 4): Asian share markets started cautiously on Monday as a run of soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.