Bursa, Asian markets advance, track Wall St’s gains

TheStar Fri, Jul 03, 2020 09:27am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia and key Asian markets started Friday on a firmer note after Wall Street closed higher on jobs gains despite the spike in Covid-19 coronavirus cases.

At 9.16am, the FBM KLCI was up 5.88 points or 0.38% to 1,542.16. Turnover was 723.08 million shares valued at 304.93mil. There were 291 gainers, 188 losers and 311 counters unchanged.

Asian stocks followed Wall Street modestly higher after a better-than-expected US jobs report overshadowed concerns that new coronavirus hotspots could disrupt the economic recovery, Reuters reported.

Japanese shares edged up, with South Korea and Australia also seeing early gains.

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