Malaysian Equities Climb in Morning Session as Regional Investors Weigh Oil Price Rally
The benchmark KLCI added 3.26 points by mid-morning Wednesday, shrugging off overnight losses in US markets as crude approaches three-digit territory.
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The benchmark KLCI added 3.26 points by mid-morning Wednesday, shrugging off overnight losses in US markets as crude approaches three-digit territory.

Second-quarter gap hits 3.3 percent of GDP, the highest since late 2018, as surging oil prices widen the trade imbalance

Central bank data shows first monthly decline in nearly a year, with energy prices offsetting agricultural inflation

Currency weakens to 4.0430 per dollar at morning open while strengthening against yen and euro amid geopolitical uncertainty

The currency touched 61.995 per dollar intraday, with traders watching for possible central bank intervention and next week's policy decision.

Brent settles at $90.87 amid diplomatic deadlock between Washington and Tehran, while Strategic Petroleum Reserve hits four-decade low

The president's statement comes amid a five-month Iranian blockade of the critical waterway, escalating tensions in the Gulf region

The second consecutive monthly decline reflects won appreciation and easing crude costs, though annual figures still show inflationary pressure

Diplomatic impasse over the Strait of Hormuz pushes oil up more than 10 percent in a week, reigniting inflation concerns across Asia and raising the odds of US rate hikes before year-end.

Korea's benchmark index dropped nearly 1 percent in early trading as investors absorbed losses from US markets and oil price volatility tied to shipping disruptions

Japanese and Korean chipmakers rallied while crude prices climbed on persistent Middle East tensions, leaving investors balancing growth concerns against monetary policy hopes.

Equity gains track softer US jobs data while Brent crude edges toward $85 as Iran-Oman shipping talks stall on American conditions

A softer US jobs print eased rate hike fears and lifted equities across the region, but unresolved Gulf shipping tensions pushed Brent crude above $84 a barrel.

Tehran is pushing for fees of up to 7 percent on cargo values while threatening fines on vessels it deems hostile, complicating any path to normal tanker traffic through the world's busiest oil chokepoint.

Manila expects gasoline and diesel to fall by over three pesos per liter next week, the largest single cut since early summer, as crude markets respond to a temporary halt in U.S.-Israel strikes on Iran.

The FBM KLCI opened lower Friday morning, dragged by foreign selling and profit-taking after recent gains, while traders await US employment data.

Regional currency remains range-bound near 4.09 per dollar while geopolitical risk and US jobs data loom over Asian FX markets

Hanoi reduced retail gasoline and diesel costs Thursday, tracking a weeklong slide in international crude benchmarks driven by Middle East diplomacy and U.S. inventory builds

Japan's Nikkei surged 3 percent while bond yields eased as mediation efforts in the Strait of Hormuz helped pull crude from its July peak

Seoul's Kospi stabilizes following volatile week while oil rebounds on geopolitical uncertainty over Strait of Hormuz

Seoul's chip giants lead regional gains while oil recovers from Monday selloff amid US-Iran diplomatic uncertainty