[SINGAPORE] Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia's government.
The benchmark FTSE Bursa Malaysia KLCI Index is down 14 per cent from a record in May 2018 and it's the worst major market in the world so far this year, having slipped 3.5 per cent. That's even amid a rally in global equities spurred by the Federal Reserve's dovish pivot and a potential trade deal between the US and China. The gloomy outlook for Malaysian stocks isn't likely to end anytime soon, says Samsung Asset Management Co.
"Malaysia will likely disappoint over the next year because since the new government came in power in May 2018, it has been lowering public debt with fiscal tightening," said Alan Richardson, a regional fund manager at Samsung Asset in Hong Kong."This will be the theme from May 2018 to May 2020". Euphoria about Malaysian stocks has faded after almost one year since Mahathir Mohamad's surprise election victory in May, as the new administration struggled to clean up government inefficiencies and corruption. Unfulfilled campaign promises partly due to the legacy it inherited have also hurt its popularity. The new administration last month lowered its 2019 economic growth forecast and has been on an austerity drive to rein in its budget deficit.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Top 5 billion-dollar SGX stocks average 49% return year to dateTHE five top performing billion-dollar stocks in Singapore have averaged a total return of 49 per cent for the year to date, the Singapore Exchange said on Tuesday. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
5 best-performing billionaire stocks returned 49% year to date: SGXTHE five top-performing billionaire stocks in Singapore have averaged a total return of 49.0 per cent in the year to date, the Singapore Exchange said on Tuesday. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
Tokyo: Main stock market opens higher[TOKYO] Tokyo's main stock market opened higher on Friday as the dollar's rebound encouraged buying but the broader index was down while investors looked for fresh news to move the market. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
Hot stock: Hi-P shares down 7.4% as counter appears overvalued by marketHI-P International shares have taken a hit in Tuesday's early session following Maybank Kim Eng's call to downgrade the contract manufacturer's stock to 'sell' with a target price of S$1.22, as it appears overvalued compared to its global peers. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
Europe: Stocks hold steady with market bulls keeping 'upper hand'[STOCKHOLM] European shares held steady after a positive start to the week in Asia, while the banking sector added to Friday's sharp rally ahead of quarterly results from a number of big US lenders. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
US: Stocks end lower as market awaits earnings[NEW YORK] Wall Street stocks finished a quiet session mostly lower Thursday as investors looked ahead to bank results that will kick off first-quarter earnings season. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
Hong Kong overtakes Japan as world's third largest stock marketHong Kong's market cap was US$5.78 trillion as of Tuesday, the latest available data show, compared with US$5.76 trillion for Japan.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »
Oil has best run in three years; JPM earnings boost stocksAsian shares were flat and U.S. Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »
Oil scores best run in three years as dollar, stocks tread waterAsian shares were flat and U.S. Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »