Asian stocks gain on US stimulus hope, yuan surges | Malay Mail

The yuan surged to the strongest level against the dollar in more than two years on growing optimism about China’s economy and speculation that a victory for US Democrat presidential candidate Joe Biden next month will lead to better Sino-US ties. — Reuters pic

Benchmark US Treasury yields hit a four-month high and the yield curve steepened on expectations for more US fiscal spending, but some investors remain cautious about the chances of a deal before the US presidential election on November 3. Netflix, however, reported disappointing earnings, leading its shares to fall 6 per cent after trading hours.

The US dollar hit a one-month low against a basket of major currencies as investors awaited the outcome of the fiscal stimulus talks and as coronavirus cases spiked in Europe.

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Asian stocks set for modest gains as tech woes check stimulus hopes | Malay MailNEW YORK, Oct 21 — Asian stocks were set for modest gains today after renewed US stimulus hopes helped Wall Street higher, although wobbles in the tech sector could keep a lid on investor sentiment. Australian stocks opened slightly higher while MSCI’s gauge of stocks across the globe was...
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Bursa Malaysia inches down at opening, tracking us overnight market | Malay MailKUALA LUMPUR, Oct 20 — Bursa Malaysia inched down at opening, tracking the overnight US market, which closed lower on the stimulus plan uncertainty as the US presidential election date draws nearer. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.45 of-a-point to 1,517.66...
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