The reopening of China should boost the growth prospects of certain small-cap companies in Asean, said RHB Investment Bank Bhd.

Asian shares slid and the dollar rose on Monday as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields.

Oil prices eased on Monday after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States.

The dollar hovered near a five-week high against major peers on Monday on rising bets for prolonged Federal Reserve policy tightening ahead of a crucial consumer price report the following day.

Malaysia’s labour market recovery continued as the unemployment rate was maintained at 3.6 per cent in December 2022, MIDF Research said.

Malaysia's economy in the fourth quarter grew 7% from a year earlier on continued expansion in domestic demand and resilient demand for electrical and electronics goods, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said on Friday.