Asian stocks mostly climbed on Friday morning, lifted by strong earnings from US tech giants Apple and Amazon, as well as a temporary easing of US-China trade tensions. Japanese shares led gains, rising more than one percent, while markets in Seoul, Sydney, and Taipei also advanced. The rally followed upbeat results from Apple, whose revenue…
China’s factory activity contracted for the seventh consecutive month in October, official data showed Friday, as trade tensions ahead of high-level talks between President Xi Jinping and US President Donald Trump dampened sentiment. The official manufacturing Purchasing Managers’ Index stood at 49.0, below the 49.6 forecast and down 0.8 points from September, according to the…
Shares of Nissan fell nearly eight percent on Friday after the Japanese automaker projected a 275 billion yen operating loss for the fiscal year ending in March. The stock initially dropped 7.95 percent before paring losses to about five percent in early trading. Nissan announced the forecast on Thursday, noting it expects a 30 billion…
Bursa Malaysia opened lower on Friday, following Wall Street’s losses overnight. At 9.10 a.m., the FTSE Bursa Malaysia KLCI dropped 5.28 points to 1,608.92 after starting the day 4.31 points down at 1,609.89. Market breadth leaned negative, with 197 decliners against 112 advancers. Another 263 stocks held steady, 2,097 saw no trades, and 60 were…
The ringgit opened nearly flat against the US dollar as markets digested the Federal Reserve’s unexpectedly hawkish rate cut, according to an analyst. At 8 a.m., it traded at 4.1935/2050, almost unchanged from Thursday’s close of 4.1935/1985. Bank Muamalat Malaysia Bhd’s chief economist, Dr. Mohd Afzanizam Abdul Rashid, said investor caution persisted due to uncertainty…
Ascend Airways Malaysia has received its full Air Operator Certificate and Air Service Permit, clearing the last regulatory step before launching operations next month. The airline, based in Kuala Lumpur and part of Avia Solutions Group, will initially operate cargo and charter flights in Malaysia and across Southeast Asia, with passenger services scheduled to commence…
Perak Corporation stated it has no information about any unannounced corporate action behind the recent sharp rise in its stock price. The company responded to a Bursa Malaysia query regarding unusual trading by stating that it had consulted with directors, major shareholders, and other relevant parties and found no new developments to explain the surge….
The New Investment Incentive Framework will be rolled out for the manufacturing sector in the first quarter of 2026, Deputy Minister of Investment, Trade, and Industry Liew Chin Tong announced. The Ministry of Investment, Trade and Industry will then apply the framework to the services sector beginning in the second quarter of 2026. Liew explained…
On October 30, China announced it would pause for one year certain export restrictions on rare earth materials and related technologies that it had introduced earlier in the month. The Ministry of Commerce said the suspension follows trade discussions held in Malaysia and coincides with talks between Chinese leader Xi Jinping and U.S. President Donald…
On October 30, Capital A Bhd confirmed that all conditions for selling its airline business have been satisfied, making the sale and purchase agreements with AirAsia X Bhd unconditional. Chief Executive Officer Tan Sri Tony Fernandes said the move marks the completion of its aviation operations restructuring and marks the start of a new phase…
