FBM KLCI sinks below 1,700 amid regional sell-off
KUALA LUMPUR: Bursa Malaysia ended sharply lower on Friday, with the FBM KLCI sinking below the 1,700 level and more than 800 counters closing in the red, as surging oil prices triggered a broad sell-off across regional markets.
Hong Kong watchdog tells firms how to cooperate in raids as scrutiny of share sales grows
HONG KONG: Hong Kong's securities watchdog gave guidance to investment banks on how they should cooperate during a raid by regulators, two people with knowledge of an industry meeting said, adding this signals more scrutiny, particularly of booming share sales.
Rakuten Trade keeps end-2026 FBM KLCI target at 1,770, Budget 2027 key test
KUALA LUMPUR: Rakuten Trade Sdn Bhd is keeping its end-2026 Bursa Malaysia benchmark index FBM KLCI target at 1,770, underpinned by clearer earnings visibility from Malaysia's power and grid infrastructure spending.
Global bonds buckle as surging oil prices inflame inflation risks
SYDNEY: Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe.
US 10-year yield flirts with 5% as higher oil, rate hike worries swirl
SINGAPORE: U.S. Treasuries fell on Friday, taking the yield on the benchmark 10-year note near the closely watched 5% level as surging oil prices fanned inflation angst while traders ramped up wagers on a rate hike from the Federal Reserve next week.
Bursa Malaysia extends fall as inflationary risks mount
KUALA LUMPUR: Stocks on Bursa Malaysia slid further on Friday after the previous day's decline as surging oil prices raised inflationary risks and the growing likelihood of a US rate hike in September.
S&P 500 falls on rising yields, inflation fears
US stocks ended down on Thursday after producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week, while climbing Treasury yields made stocks less attractive.
BoK flags risks from overseas S. Korean derivatives
The Bank of Korea (BoK) is calling for stronger monitoring of overseas derivatives tied to South Korean chipmakers, warning their rapid growth risks amplifying domestic market swings as it cites leveraged bets by hedge fund Situational Awareness as a driver of recent volatility.
NSE slashes IPO valuation amid investor pushback
As executives at the National Stock Exchange (NSE) of India Ltd pitch their long-awaited initial public offering (IPO) to global investors, one question keeps coming up: How would the bourse keep growing after regulators curbed its booming derivatives business?
South Korean rally raises questions about a structural re-rating
After an unprecedented rally put South Korea's stock market back on global investors' radar, the market is facing a new test.
