Malaysian glove stocks outperformed, with three of the sector’s top four producers surging over 10% in a highly active trading session on Monday.
Most Asian stocks moved in a flat-to-low range on Tuesday as a recent chip-fueled runup in technology shares lost steam, while markets remained on edge over few signs of de-escalation in the U.S.-Iran conflict.
Many American car buyers are gravitating to hybrid vehicles to offset the recent surge in gas prices from the Iran war, according to fresh industry sales data and dealers.
The oil market will take until 2027 to normalize if the disruption in the Strait of Hormuz persists beyond the middle of June, the CEO of the world’s largest oil company warned Monday.
Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between the United States and Iran appeared fragile, with Tehran's response to a US proposal highlighting stark differences that kept supply concerns alive.
RHB Investment Bank Bhd (RHB Research) has identified Kossan Rubber Industries Bhd and Cloudpoint Technology Bhd as technical stock picks after both counters signalled bullish breakouts supported by stronger momentum.