Tag: Stock Market

Trump Media & Technology Group Corp. sees a rare uptick in its stock price, with shares rallying 15.6% after days of decline. Despite recent losses, Donald Trump's equity stake recovers about $280 million in paper gains. Meta Description: Trump Media & Technology Group Corp. experiences a notable stock rally, gaining 15.6% amidst broader market decline. Despite recent setbacks, Donald Trump's equity stake sees a rebound of $280 million in paper gains.

Bursa Malaysia, UMW, and Maybank have partnered to develop a centralized sustainability platform in collaboration with LSEG. The initiative aims to streamline ESG disclosures, support carbon emissions tracking, and create green financing opportunities for listed and non-listed companies.

Following Miti's approval for Tesla to import battery electric vehicles, several Malaysian EV-linked stocks experienced significant gains, including KESM Industries, Pentamaster, and Genetec Technology.

The Malaysian stock market experienced a 1% decline with the KLCI index, while the ringgit reached a three-month high at 4.4760. Foreign investors returned to buying stocks, and potential political developments could drive pro-growth measures and domestic reforms.

Bursa Malaysia broke its losing streak on Wednesday, with the FBM KLCI index gaining 3.08 points to close at 1,491.35. The Malaysian ringgit weakened to 4.5028 against the US dollar, marking its lowest level since 1998. Trading volume reached 2.36 billion shares valued at RM1.62 billion.

Asian stock markets show mixed performance ahead of crucial US employment data. Investors are closely watching August job figures that could influence Federal Reserve's monetary policy and interest rate strategy amid high inflation concerns. Shanghai and Seoul saw gains, while Tokyo and Hong Kong experienced declines.

Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform allowing Malaysian investors to trade across 12 exchanges in seven global markets through a single account. The platform offers competitive brokerage rates, addressing challenges faced by retail investors seeking international market access.

Russia will partially reopen its stock market with heavy trading restrictions, nearly a month after shares plunged on February 24 following the Ukraine invasion. Trading will be allowed for 33 of 50 companies in the MOEX Index, including Aeroflot, Gazprom, and Rosneft, as the country attempts to stabilize its financial markets amid Western sanctions.

Asian shares gained ground on Wednesday, with Japan's Nikkei 225 jumping 1.7% and Hong Kong's Hang Seng rising 2.1%. Investors are anticipating the U.S. Federal Reserve's expected 0.25 percentage point interest rate increase, marking the first hike since 2018.

Asian stocks declined on Tuesday, with MSCI's Asia-Pacific index falling 1.97%, driven by concerns over the Ukraine war, potential U.S. interest rate hikes, and China's rising COVID-19 cases. Chinese stocks showed pronounced weakness, reflecting broader market uncertainty and economic challenges.