Losing Streak May Continue For Malaysia Stock Market

RTTNews | Pred 11 dňami

(RTTNews) - The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.

The global forecast for the Asian markets is soft amid continued uncertainty over U.S. trade policies. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion.

The KLCI finished slightly lower on Wednesday following losses from the financial shares and plantations, gains from the industrials and a mixed picture from the telecoms.

For the day, the index slipped 2.68 points or 0.18 percent to finish at the daily low of 1,523.48 after peaking at 1,532.80.

Among the actives, 99 Speed Mart Retail jumped 1.40 percent, while Axiata spiked 1.97 percent, Celcomdigi lost 0.26 percent, CIMB Group sank 0.43 percent, Gamuda surged 2.40 percent, IHH Healthcare was up 0.14 percent, IOI Corporation plunged 2.69 percent, Kuala Lumpur Kepong stumbled 2.26 percent, Maxis rose 0.28 percent, Maybank fell 0.10 percent, MISC advanced 0.94 percent, MRDIY added 0.63 percent, Nestle Malaysia dropped 0.61 percent, Petronas Dagangan soared 2.02 percent, Petronas Gas slumped 0.99 percent, PPB Group shed 0.35 percent, Press Metal tumbled 1.77 percent, Public Bank retreated 1.14 percent, RHB Bank tanked 2.63 percent, Sime Darby plummeted 4.81 percent, SD Guthrie declined 1.07 percent, Sunway climbed 1.06 percent, Telekom Malaysia gained 0.44 percent, Tenaga Nasional improved 0.71 percent, YTL Corporation strengthened 1.12 percent, YTL Power rallied 1.92 percent and Petronas Chemicals, QL Resources and Hong Leong Financial were unchanged.

The lead from Wall Street is soft as the major averages shook off a mildly positive open and headed south through the balance of the session, ending at daily lows.

The Dow dropped 244.95 points or 0.58 percent to finish at 42,098.70, while the NASDAQ sank 98.23 points or 0.51 percent to close at 19,100.94 and the S&P 500 slumped 32.99 points or 0.56 percent to end at 5,888.55.

The choppy trading came as traders seemed reluctant to make significant moves ahead of the release of earnings news from AI darling and market leader Nvidia (NVDA) after Wednesday's close.

The earnings news after the bell showed that Nvidia beat the street on earnings and revenue, possibly lending support to technology shares going forward.

Lingering uncertainty about President Donald Trump's trade policies also kept some traders on the sidelines following recent volatility.

Crude oil prices moved sharply higher on Wednesday on news that OPEC will establish output quotas for 2027. West Texas Intermediate crude for July delivery climbed $0.87 or 1.43 percent to $61.76 per barrel.

Australia Business Confidence Data Due On Tuesday

Australia will on Tuesday see May results for the indexes of business confidence and business conditions, highlighting a light day for Asia-Pacific economic activity. In April, their scores were -1 and +2, respectively.

RTTNews | Pred 1 h 1 min

Canadian Dollar Higher As US-China Trade Talks Lift Sentiment

The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.

RTTNews | Pred 2 h 6 min

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | Pred 4 h 36 min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | Pred 5 h 4 min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Pred 8 h 51 min

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | Pred 10 h 43 min

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | Pred 11 h 54 min

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | Pred 12 h 16 min

EURUSD	1.14228	GBPUSD	1.35527	AUDUSD	0.6517
USDJPY	144.617	USDCAD	1.36994	USDCHF	0.82159

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Losing Streak May Continue For Malaysia Stock Market