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Asia

Malaysian Shares Extend Gains on US-Iran Peace Deal; Sanichi Technology Rallies 7%

Malaysian shares extended gains to end in the green on Monday, mirroring regional gains. The investor sentiment was positive after the US and Iran signed a peace deal, brokered by Pakistan, to reopen the Strait of Hormuz.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 6.06 points to end 0.5% higher at 1,691.39.In local news, the Construction Industry Development Board Malaysia, CIDB Malaysia, appointed Ahmad Farrin Mokhtar as its new chief executive, effective June 8.Malaysia may struggle to surpass its record 431.1 billion ringgit in investment approvals seen in 2025, with growth expected to moderate this year, The Star reported, citing UOB (Malaysia). The bank attributed the softer outlook to geopolitical tensions, energy price swings, and ongoing cost pressures that could dampen investor sentiment.In corporate news, shares of Sanichi Technology (KLSE:SANICHI) jumped over 7% on Monday's close after its unit Sanichi Glove was struck off and dissolved, following publication of a notice in the government gazette on June 8.Shares of Kerjaya Prospek (KLSE:KERJAYA) gained over 3% on clos after its unit Kerjaya Prospek (M) accepted a 529.3 million ringgit building contract from BRDB Developments for a residential project in Kuala Lumpur, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:SANICHI
International

Asia Week Ahead: Central Bank Decisions; Inflation; and Trade

The week ahead in Asia will be packed with a number of central bank decisions and macroeconomic data, with investors set to track the impact of the Middle East conflict on regional economies.The economic calendar starts quietly on Monday with services activity data from Japan, whole inflation figures from India and New Zealand's services PMI.Activity picks up Tuesday as the Reserve Bank of Australia and Bank of Japan announce policy decisions, while China releases a batch of closely watched activity indicators.Wednesday shifts the focus to trade, with Japan and Singapore due to report May figures.Thursday brings a cluster of central bank decisions from Taiwan, Indonesia and the Philippines, with New Zealand's first-quarter GDP and Thailand's trade data also on deck.Friday rounds out the week with inflation data from Japan and Malaysia, with New Zealand reporting trade numbers.Here's what to watch in the week ahead.MONDAY, June 14The week was off to a relatively light start with a handful of releases from India, New Zealand, and Japan.Japan released its tertiary industry activity index for April, a measure of change in the total value of services provided and consumed by the country's service sector.The index rose a seasonally adjusted 1.3% month on month, reversing from a 0.6% decline in the prior month and recording its first increase in three months.It also beat the Trading Economics forecast of a 0.5% increase.In New Zealand, the BusinessNZ Performance of Services Index fell to 47.5 in May from a downwardly revised 48.7 in April, marking a fourth straight month of contraction in the services sector. Trading Economics said the decline came as the Iran war weighed on business activity.India's annual wholesale price index (WPI)-based inflation rate rose to 9.68% year over year in May. The reading was higher than the consensus forecast of 9.10% tracked by Investing.com and compared with an 8.26% pace recorded in the prior month.Later Monday, India reports unemployment stats for May.TUESDAY, June 16Macro activity picks up Tuesday with central bank decisions scheduled in Australia and Japan, and a slew of monthly data from China.The Reserve Bank of Australia is expected to hold the official cash rate steady at 4.35%, according to a Trading Economics consensus.Economists at National Australia Bank said the latest decision would mark the end of the tightening cycle, with the next move likely down and now expected in the second quarter of 2027.In contrast, the Bank of Japan is forecasted to raise interest rates by 25 basis points to 1%, according to a Trading Economics consensus estimate.Bloomberg reported earlier June that the central bank was considering raising the policy rate amid high uncertainties over the Middle East conflict. Officials were expected to sift through as much data as possible until the last minute before making a final decision, though the decision to raise rates was unlikely to be unanimous, according to the report.China's industrial production and retail sales stats will also be in the news, alongside monthly unemployment and housing price data.Markets will review the figures to gauge how well the country's economy is faring amid the Middle East conflict. According to the Wall Street Journal, the data is likely to indicate overall improvement and economic resilience despite the macro headwinds.Hong Kong will report unemployment data the same day, while trade stats will be in focus in India and South Korea.In New Zealand, markets will await food inflation data which is expected to show "modest increases," according to CommBank.WEDNESDAY, June 17Focus shifts Wednesday to trade data from Singapore and Japan.Japan is expected to record a trade deficit of 564.6 billion yen in May, reversing from a 301.9 billion yen surplus a month earlier, according to a Trading Economics consensus.Wednesday will also bring the Reuters Tankan Index for June, a key gauge of Japanese business confidence, along with monthly machinery orders data.Meanwhile, Singapore's trade surplus is expected to narrow to $7 billion in May from $13.07 billion in April, according to Trading Economics. The city-state is also due to release monthly non-oil export data.A forward-looking report from Westpac capturing consumer confidence in New Zealand is also scheduled for Wednesday.THURSDAY, June 18Central banks across Taiwan, Indonesia and The Philippines will meet for interest rate decisions Thursday.Bank Indonesia will be in focus after it unexpectedly raised interest rates by 25 basis points earlier this month to support the rupiah.While some economists expect the central bank to deliver another 25 basis point hike, ING expects Bank Indonesia to hold rates steady and instead prioritize alternative measures to attract foreign capital inflows and stabilize the currency.The Philippines' central bank, Bangko Sentral ng Pilipinas, is widely expected to raise its benchmark rate by 25 basis points to 4.75% amid persistent inflationary pressure, according to a Trading Economics consensus.Meanwhile, Taiwan's central bank is expected to hold rates steady at 2%. ING said it will be monitoring the Central Bank of the Republic of China's press conference for clues on a possible rate hike in the third quarter.Elsewhere, New Zealand will report its first quarter gross domestic product growth rate. CommBank said it expects quarterly growth to reach 0.8%, shy of the Reserve Bank of New Zealand's 1% forecast.While the economy started 2026 with a decent moment, there will be "pockets of weakness" highlighting that economic recovery was a "bit patchy," CommBank said in a preview.Lastly, Thursday will feature Thailand's trade figures for May.FRIDAY, June 19The week rounds off with closely watched inflation data from Japan.According to ING, May's consumer prices could record a rise of 1.6% year on year, accelerating marginally from 1.4% in April. The subdued increase would reflect government measures, though price pressures are likely to broaden, ING said.Malaysia's headline inflation, also due the same day, is similarly expected to show a marginal rise to 2% year-on-year in May from 1.9% in April due to government fuel subsidies and stable food prices, the Wall Street Journal reported, citing DBS.Malaysia will additionally report monthly trade figures on Friday, while Macao will release monthly inflation data the same day.Trade figures from New Zealand will also feature Friday. According to a Trading Economics consensus, New Zealand's May trade surplus could narrow to NZ$875 million from NZ$1.92 billion a month earlier.South Korea's producer price inflation will also be among the highlights of the day.

ASX 200^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225Nifty 50^NZ50^PSEIM^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: Malaysia Investment Growth Expected to Ease Amid Global Uncertainty

Malaysia may struggle to surpass its record 431.1 billion ringgit in investment approvals seen in 2025, with growth expected to moderate this year, The Star reported Monday, citing UOB (Malaysia).The bank attributed the softer outlook to geopolitical tensions, energy price swings, and ongoing cost pressures that could dampen investor sentiment.It expects total approved investments in 2026 to trend closer to the three-year average of about 382 billion ringgit, though AI-led demand and supply chain diversification into ASEAN are likely to provide support, according to the report.In the first quarter, Malaysia recorded 92.8 billion ringgit in approved investments, slightly below 93 billion ringgit a year earlier. Foreign investments made up 60.5% of total approvals, led by Japan, China, the US, Singapore, and Thailand, while services remained the dominant sector, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

FTSE Bursa Malaysia KLCI
Asia

CIDB Malaysia Names New Chief

The Construction Industry Development Board Malaysia, CIDB Malaysia, appointed Ahmad Farrin Mokhtar as its new chief executive, effective June 8, according to a Friday press release.CIDB said he is expected to drive ongoing transformation efforts toward a more sustainable and resilient construction sector.

FTSE Bursa Malaysia KLCI
Asia

US, Iran Reach Peace Agreement, Formal Signing Due Friday

U.S. and Iranian officials have confirmed a peace agreement to end the war and reopen the Strait of Hormuz, with a formal pact expected to be signed in Switzerland on Friday.U.S. President Donald Trump said in a post on Truth Social that the agreement with Iran was "complete" and authorized the immediate lifting of the U.S. naval blockade.Separately, Iran's Deputy Foreign Minister Kazem Gharibabadi confirmed that an agreement had been reached to end the conflict, according to multiple media reports.Pakistan Prime Minister Shehbaz Sharif, who mediated the negotiations, said in a post on X that the peace accord would be signed on Friday, June 19.Sharif added that both sides had agreed to an immediate and permanent cessation of military operations across all fronts, including in Lebanon.

^BSE^HNXHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Malaysian Shares End Week in Green on Upbeat Economic Data

Malaysian shares extended gains to end in the green on Friday, mirroring regional gains. The investor sentiment was positive after the positive manufacturing and industrial production data.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 4.10 points to end 0.2% higher at 1,683.63.In economic news, Malaysia's manufacturing sales rose 9.1% year over year to 175 billion ringgit in April, according to data from the Department of Statistics Malaysia (DOSM). The growth pace accelerated from the 5.3% increase recorded in March.Malaysia's Industrial Production Index (IPI) rose 8.2% year over year in April, according to data from the DOSM. The pace of growth accelerated from the 3.1% increase recorded in the previous month. It beat the consensus forecast of a 4% growth tracked by Investing.com.Meanwhile, Malaysia's retail trade sales increased 6.3% year over year in April, according to data from the Statistics Department.In corporate news, shares of Titijaya Land (KLSE:TITIJYA) rose over 3% on today's close after it signed a consortium deal with Permodalan Negeri Selangor to develop affordable housing under the Rumah Idaman initiative in Selangor, Malaysia.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) gained about 2% on week's close after its unit Rivanis Ventures signed a development deal worth 156.5 million ringgit with Railway Assets to acquire and develop 34.8 acres of land in Penang, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:TITIJYA
Malaysia's Retail Sales Rise 6.3% in April, Industrial Output Posts Fastest Growth Since 2022
US Markets

Malaysia's Retail Sales Rise 6.3% in April, Industrial Output Posts Fastest Growth Since 2022

Malaysia's retail sales growth slowed in April, while industrial production recorded its strongest expansion in more than three years.Retail trade sales rose 6.3% year over year in April, according to data released by the Department of Statistics Malaysia on Friday.The increase was slower than the 7.5% growth recorded in March and fell short of the 7.7% forecast in a Trading Economics poll.The sector's performance was driven primarily by a 6.1% increase in retail sales at non-specialized stores.Sales of other goods in specialized stores rose 6.8%, while sales of other household equipment in specialized stores increased 3.5%.Total wholesale and retail trade sales rose 15.3% year over year to 174.8 billion ringgit in April.Wholesale trade sales climbed to 83.5 billion ringgit, retail trade sales increased to 71 billion ringgit, and motor vehicle sales advanced to 20.4 billion ringgit.Separate data released Friday showed Malaysia's Industrial Production Index rose 8.2% year over year in April, accelerating from 3.1% in March.The performance "marked the highest growth registered since September 2022, bolstered by the expansion across all sectors," the Department of Statistics Malaysia said.Manufacturing output increased 8.3%, mining production rebounded 6.8% after contracting 6.5% in March, while electricity output rose 10.5%.Export-oriented industries, which account for about two-thirds of the manufacturing sector, expanded, supported by increased production of computer, electronic, and optical products.Domestic-oriented industries grew, driven by increases in motor vehicle production and food manufacturing.The latest data comes as inflationary pressures show signs of picking up. Malaysia's consumer prices rose 1.7% year over year in March, the fastest pace in more than a year, while Economy Minister Rafizi Ramli has cautioned that prices could rise further in the coming months.The government has largely contained inflation through fuel subsidies, including a gasoline quota system and targeted diesel assistance, and is considering additional measures to help cushion households and businesses from rising costs.Higher global commodity prices stemming from the conflict in the Middle East are expected to increase domestic cost pressures and push inflation higher, Bank Negara Malaysia said.However, the central bank said, "the impact on both headline and core inflation in 2026 is expected to remain contained."

FTSE Bursa Malaysia KLCI
International

Malaysia's Retail Sales Rise 6.3% in April

Malaysia's retail trade sales increased 6.3% year over year in April, according to data from the Department of Statistics Malaysia released Friday.The increase missed the 7.7% growth forecast by analysts polled by Trading Economics. It also slowed from the 7.5% expansion in March.The sector's performance was driven primarily by a 6.1% increase in retail sales in non-specialized stores, while other retail segments also recorded gains.Total wholesale and retail trade sales combined reached 174.8 billion ringgit for the month, reflecting a 15.3% year-over-year increase.

FTSE Bursa Malaysia KLCI
International

Malaysia's Industrial Production Growth Quickens to 8.2% in April

Malaysia's Industrial Production Index (IPI) rose 8.2% year over year in April, according to data from the Department of Statistics Malaysia (DOSM) released on Friday.The pace of growth accelerated from the 3.1% increase recorded in the previous month. It beat the consensus forecast of a 4.0% growth tracked by Investing.com.The monthly performance was driven primarily by an 8.3% output growth in manufacturing, coupled with the turnaround to 6.8% in the mining sector from a decline of 6.5% seen in March.However, on a month-on-month basis, the IPI contracted by 3.4% after registering a positive 9.3% growth in the previous month.

FTSE Bursa Malaysia KLCI
International

Malaysia's Manufacturing Sales Growth Accelerates to 9.1% in April

Malaysia's manufacturing sales rose 9.1% year over year to 175 billion ringgit in April, according to data from the Department of Statistics Malaysia released Friday.The growth pace accelerated from the 5.3% increase recorded in March.The expansion was driven by strong demand for electrical and electronics products, alongside gains in food, beverages and tobacco, and petroleum-related products.

FTSE Bursa Malaysia KLCI
International

World Bank Trims 2026 GDP Growth Forecast for Malaysia to 4.4%

The World Bank trimmed its 2026 economic growth forecast for Malaysia amid higher energy and input costs, as the country faces higher inflation and slower global growth.In its latest Global Economic Prospects released Friday, the international organization said Malaysia's gross domestic product is expected to grow 4.4% in 2026, down from the estimated growth of 5.2% in 2025.GDP growth is expected to remain at 4.4% in 2027 before decelerating to 4.1% in 2028.

FTSE Bursa Malaysia KLCI
International

World Bank Forecasts Slower East Asia-Pacific Growth in 2026

The World Bank lowered its 2026 economic growth forecast for the East Asia and Pacific region as the conflict in the Middle East raises energy costs, disrupts supply chains, and weighs on external demand.The international organization said it expects growth in East Asia and the Pacific to moderate to 4.2% in 2026 from 5.0% in 2025, according to its Global Economic Prospects report released Thursday.Growth in the region is projected to edge up to 4.3% in 2027 and 2028 as energy prices ease and geopolitical uncertainty diminishes.Excluding China, economic growth is forecast at 4.4% in 2026, down from 4.8% in 2025, before improving to 4.9% in 2027 and 2028.

Hang Seng^JKSEFTSE Bursa Malaysia KLCI^PSEI^SETShanghai Composite^SZSE
Asia

Market Chatter: Asia May Face Stagflation Amid Middle East Crisis, ADB President Says

With the war in the Middle East driving up inflation in global economies, Asian economies are at risk of stagflation, Nikkei Asia reported Thursday, citing Asian Development Bank President Masato Kanda.As inflation pressures mount, "There is now a risk of stagflation spiral" due to "declines in demand through lower real wages, and increases in debt burdens from higher interest rates," Kanda told the news outlet on the sidelines of Nikkei's annual Future of Asia forum.According to Kanda, higher shipping, energy, and input costs will lead to a further rise in consumer prices in Asia. There was a risk that the supply chain system would "physically stop functioning," he said.Asian countries are especially impacted by the energy crisis arising from the Middle East war, as they are highly dependent on energy imports that come in through the Strait of Hormuz, the report added."In addition to diversification of the destination of oil and gas, accelerated use of renewable energy and safe nuclear power, as well as stronger energy saving, should have been promoted," Kanda said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSENifty 50^PSEI^SETShanghai Composite^SZSETaiwan Weighted
Asia

Market Chatter: Malaysia to Explore Alternate Oil Sources as Middle East Tensions Escalate

Malaysia is looking for alternative crude oil sources as the war in Iran fuels a global energy supply squeeze, Reuters reported Wednesday, citing the country's Economy Minister Akmal Nasir.The disruption has affected Middle Eastern-linked supply chains, with some Malaysian refineries scaling back output after constraints tied to the Strait of Hormuz. Any new imports, however, must be compatible with the country's refinery systems, the news agency said.Akmal said options under consideration include suppliers from Africa, Russia and Turkey. He added that current reserves are sufficient until end-July, while cautioning against locking in long-term deals amid unstable oil prices, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

FTSE Bursa Malaysia KLCI
Asia

Update: Malaysia Spending 3.5 Billion Ringgit Monthly on Fuel Subsidy

The Malaysian government maintained its petrol and diesel prices this week, with an expected subsidy of around 3.5 billion ringgit a month, according to a Thursday statement by the country's Ministry of Finance.This comprises a RON95 subsidy of 2 billion ringgit a month and a diesel subsidy of 1.5 billion ringgit. The subsidy rose to as much as 7.5 billion ringgit in April when Brent crude oil prices rose to $120 per barrel.The current subsidy takes into consideration supply uncertainties, global inventory levels, and seasonal demand in various regions globally, according to the report.The ministry added that Malaysia's petroleum supply is currently stable and sufficient and the government will ensure citizens remain protected from high fuel prices.

FTSE Bursa Malaysia KLCI
Asia

Malaysia Spending IDR3.5 Billion Monthly on Fuel Subsidy

The Malaysian government maintained its petrol and diesel prices this week, with an expected subsidy of around 3.5 billion ringgit a month, according to a Thursday statement by the country's Ministry of Finance.This comprises a RON95 subsidy of 2 billion ringgit a month and a diesel subsidy of 1.5 billion ringgit. The subsidy rose to as much as 7.5 billion ringgit in April when Brent crude oil prices rose to $120 per barrel.The current subsidy takes into consideration supply uncertainties, global inventory levels, and seasonal demand in various regions globally, according to the report.The ministry added that Malaysia's petroleum supply is currently stable and sufficient and the government will ensure citizens remain protected from high fuel prices.

FTSE Bursa Malaysia KLCI
Asia

Malaysian Shares End in Green Despite Downbeat Job Data

Malaysian shares extended gains to end in the green on Thursday, amid a mixed regional performance. The investor sentiment was positive despite a higher-than-expected unemployment rate in the country.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 0.57 points to end 0.03% higher at 1,679.53. The day range was between 1,674.65 and 1,680.53.In economic news, Malaysia's unemployment rate rose by to 3% in April from 2.9% in March, the Department of Statistics Malaysia said. The figure exceeded the 2.9% forecast by Trading Economics.In local news, Malaysia is looking for alternative crude oil sources as the war in Iran fuels a global energy supply squeeze, Reuters reported Wednesday, citing the country's economy minister. Any new imports, however, must be compatible with the country's refinery systems.Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board.In corporate news, Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported. The lender's shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:MAYBANK
Asia

Malaysian Unemployment Swells to 3% in April

Malaysia's unemployment rate rose by to 3% in April from 2.9% in March, the Department of Statistics Malaysia said in a note Thursday.The figure exceeded the 2.9% forecast by Trading Economics.The number of jobless people jumped 0.6% to 511,800 individuals in April from 509,000 in March.

FTSE Bursa Malaysia KLCI
International

Malaysia's May Palm Oil Inventories Rise at Faster Pace Than Expected

Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board on Wednesday.The stockpiles rose at a faster pace than the 2.2% rise forecast in a Bloomberg survey.Palm oil exports during the month fell 14.5% to 1.11 million tons when compared to April.Meanwhile, crude palm oil production stood at 1.52 million tons, down 7% from 1.63 million tons in April and higher than the 4.9% decline estimated by analysts.

FTSE Bursa Malaysia KLCI
Asia

Japan, Malaysia to Deepen Defense, Maritime Security, Energy Cooperation

Japan and Malaysia agreed to deepen cooperation in defense, maritime security, and energy supplies during Malaysian Prime Minister Anwar Ibrahim's visit to Tokyo on Wednesday.In a joint statement published the same day, Japanese Prime Minister Sanae Takaichi and Malaysian Prime Minister Anwar Ibrahim also reiterated their nations' contribution to a free and open international order based on the rule of law.On the defense side, the two confirmed continued bilateral exercises and the acceleration of projects related to defense equipment and technology.

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