<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 10): The FBM KLCI paused for&nbsp; breather Wednesday as Top Glove Corp Bhd and Malayan Banking Bhd dragged against the backdrop of the start of the recovery phase of the movement control order and mostly lower regional markets.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, the FBM KLCI dipped 0.92 points to 1,574.24.</p></div>

<div class=newsTextDataWrapInner><p>The early decliners included Supermax Corp Bhd, Top Glove Corp Bhd, Ho Wah Genting Bhd, Kossan Rubber Industries Bhd, Comfort Gloves Bhd, Malayan Banking Bhd, Rubberex Corp Bdh and PMB Technology Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Bloomberg said Asian stocks opened modestly lower Wednesday after a retreat in U.S. equities on concern the recent risk-asset rally had run too far.</p></div>

<div class=newsTextDataWrapInner><p>Treasuries kept an overnight advance, it said.</p></div>

<div class=newsTextDataWrapInner><p>JF Apex Securities Research said US markets ended mixed with the Dow and S&amp;P falling as profit taking kicked in ahead of the Federal Reserve's 2-day policy meeting.</p></div>

<div class=newsTextDataWrapInner><p>It said earlier in the day, European stocks declined after Euro zone's GDP contracted 3.1%.</p></div>

<div class=newsTextDataWrapInner><p>“On the local market, the FBM KLCI surged 18.83 points to 1575.16 points.</p></div>

<div class=newsTextDataWrapInner><p>“Following the recent bullish performance, the FBM KLCI could face profit taking with support at 1550 points,” it said.</p></div>


KUALA LUMPUR (June 10): The FBM KLCI paused for  breather Wednesday as Top Glove Corp Bhd and Malayan Banking Bhd dragged against the backdrop of the start of the recovery phase of the movement control order and mostly lower regional markets.

At 9.05am, the FBM KLCI dipped 0.92 poi...

KLCI pauses for breather as Top Glove and Maybank drag, regional markets mostly lower on Wall Street retreat

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Kiribati's parliament has voted to remove Australian-born High Court Judge David Lambourne, who said on Friday the move was politically motivated and an attack on the independence of the Pacific Island nation's judiciary.

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The Bank of Japan (BOJ) kept interest rates around zero on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year.

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Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.

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<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


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<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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<p>Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.</p>


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<p>The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.</p>


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