SYDNEY (Aug 16): Asian stocks looked set for declines after technology shares slumped on earnings and copper sank into a bear market, weighing on commodities. Treasuries gained.
Futures indicated declines for stocks from Sydney to Hong Kong. U.S. benchmarks closed lower led by the Nasdaq 100 Index and crude oil slipped below $65 a barrel following a report that American stockpiles rose the most since March 2017. The dollar strengthened as investors sought its safe haven status and the yen gained. Emerging market shares fell within striking distance of a bear market.
KUALA LUMPUR (Sep 20): The FBM KLCI closed up 2.99 points or 0.17% at 1,803.7 points as the China-US trade war appeared less harsh than expected. Global crude oil price gains also improved sentiment on shares of Malaysian oil and gas companies.
Reuters reported that a bounce in world stocks in relief that the fresh US and Chinese tariffs on reciprocal imports were less harsh than feared continued on Thursday, although investors remained wary about the next steps in the US-Sino trade war.