Wall Street set to fall as megacap chip, tech stocks tumble
INDEXES were set to open lower on Wednesday, as declines in major chip and tech stocks led broad-based market losses…
Markets
Ewein to change name
KUALA LUMPUR: Ewein Bhd will change its name to Skygate Solutions Bhd effective July 19.
FBM KLCI hit fresh 3-year high on strong buying interest
KUALA LUMPUR: The FBM KLCI climbed to a fresh three-year high on Wednesday, bucking the downward trend seen in most…
FBM KLCI slips as Wall Street indices fall on rotational selling
KUALA LUMPUR: The FBM KLCI saw some short-term profit-taking following a fall in the S&P500 and Nasdaq indices overnight as…
Nasdaq ends sharply lower as investors rotate out of Big Tech
The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors rotated into smaller…
Power-guzzling AI to drive ESG debt sales
The global artificial intelligence (AI) frenzy is driving demand for energy-intensive data centres, which could end up being a factor…
China cracks down on short sales, quants
China took some of its most extreme steps yet to restrict short selling and quantitative trading strategies, seeking to support…
Rating upgrade to spur fund inflows
Analysts and fund managers are expecting further foreign fund inflows following a country upgrade by JPMorgan from “underweight” to “neutral.”
FBM KLCI in the red; ringgit rises to 6-month high
KUALA LUMPUR: Investors chose to pause for breath today and take profits following the recent gains while the ringgit rose…