Tag: Asian Stock Market
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.
Bursa Malaysia announces 21 additions to F4GBM index constituents
Bursa Malaysia announces 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, launched in 2014, tracks companies with strong environmental, social, and governance (ESG) principles, reflecting a growing focus on sustainable investing in Malaysia.
Asia stocks edge up despite global growth worries.
- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028
Bursa Malaysia concluded Wednesday's trading session with a slight upward movement, gaining 3.08 points to close at 1,491.35. The local market saw mixed performance with more losing stocks than gainers, while the Malaysian ringgit weakened to its lowest point against the US dollar since 1998, trading at 4.5028.
Asian stock markets mixed ahead of latest US jobs reading
Asian stock markets show mixed performance as investors await crucial US employment data. Shanghai and Seoul advanced, while Tokyo and Hong Kong retreated. The August jobs report may influence Federal Reserve's strategy on interest rates and inflation management.[100 words]
Standard Chartered Malaysia Launches SmartStocks
Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.
Asian shares rise ahead of Fed decision on rate hike.
Asian stock markets rose moderately on Wednesday as investors await the Federal Reserve's anticipated interest rate increase. Japan's Nikkei 225 jumped 1.7%, while Hong Kong's Hang Seng rose 2.1%. The Fed is expected to raise rates by 0.25 percentage points, marking the first increase since 2018 and potentially signaling a series of future hikes to combat high inflation.
