Economic Indicators

Market summary : Hang Seng China 50 Index rises 1.69%, closes at 7,458.09

The Hang Seng China 50 Index climbed 1.69% to close at 7,458.09, reflecting short-term gains amidst mixed long-term performance trends.

Ringgit set for record quarter amid improved trade outlook

Analysts attribute the ringgit's strong performance to several factors, including a rebound in key sectors such as commodities and manufacturing. Malaysia's robust export growth, particularly in palm oil and electronics, has contributed significantly to the ringgit's appreciation. Additionally, a recovery in demand from major trading partners has further supported the currency's upward trajectory.

Ringgit gains against US Dollar amid lower inflation

As of the latest trading session, the ringgit was seen strengthening, with analysts attributing the gains to improved economic indicators. Lower inflation rates are typically viewed as favorable, as they suggest stability in the economy and can lead to increased consumer spending. This shift has provided a more favorable environment for the currency, enhancing its appeal to investors.

Oil prices dive to lowest point since 2021 as OPEC cuts demand forecast

OPEC’s decision to lower its demand growth forecast underscores the shifting dynamics in the oil market.

Nikkei gains as Kishida announces resignation; market anticipates U.S. inflation data

Singapore stocks lose ground as SIA declines and fed maintains rates; STI falls 1%

The downturn was significantly influenced by a notable drop in Singapore Airlines (SIA) shares, which fell sharply following the airline's weaker-than-expected quarterly earnings report. The decline in SIA's stock price not only weighed heavily on the broader index but also reflected broader concerns about the airline sector's recovery trajectory amid persistent economic uncertainties.

Investor optimism grows with stimulus policies and economic progress

Optimism sweeps the A-share market with stimulus policies, improving indicators. Investors buoyed by recovery prospects, and macroeconomic trends.