KUALA LUMPUR: The ringgit opened lower against the US dollar today on a lack of interest in the local unit, dealers said.

At 9.00 am, the ringgit stood at 3.9160/9210 against the greenback from Wednesday's close of 3.9070/9100.

A dealer said the US dollar remained bullish against the local currency with positive momentum indicators picking up, and expected to climb higher, but could be temporarily disrupted by a technical pullback before moving up again.

Meanwhile, Oanda Corp Head of Trading for Asia Pacific, Stephen Innes, said the ringgit continued to weigh negatively amid the re-emergence of the Federal Reserve Board's hawkish statements, as well as oil prices which are looking very susceptible to ramped up US shale oil production.
Read more at https://www.thestar.com.my/business/business-news/2018/02/08/ringgit-weighs-amid-us-fed-hawkish-tone/#3t1tj6LrYFyMWS10.99

Rate hike expectation is soaring. Sell currencies like ringgit in emerging markets and buy semiconductor stocks!

Bullish bets on most Asian currencies drop as yields spike lifts dollar: Reuters poll
Christina Martin
4 MIN READ

(Reuters) - Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as rising Treasury yields helped the dollar rebound from a three-year low touched in late January.
https://uk.reuters.com/article/us-asia-forex-emerging/bullish-bets-on-most-asian-currencies-drop-as-yields-spike-lifts-dollar-reuters-poll-idUKKBN1FS0RG

Bullish bets on most Asian currencies drop as yields spike lifts dollar: Reuters poll
Christina Martin
4 MIN READ

(Reuters) - Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as rising Treasury yields helped the dollar rebound from a three-year low touched in late January.


https://uk.reuters.com/article/us-asia-forex-emerging/bullish-bets-on-most-asian-currencies-drop-as-yields-spike-lifts-dollar-reuters-poll-idUKKBN1FS0RG

Bullish bets on most Asian currencies drop as yields spike lifts dollar: Reuters poll

(Reuters) - Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as rising Treasury yields helped the dollar rebound from a three-year low touched in late January.
https://uk.reuters.com/article/us-asia-forex-emerging/bullish-bets-on-most-asian-currencies-drop-as-yields-spike-lifts-dollar-reuters-poll-idUKKBN1FS0RG

https://www.thestar.com.my/business/business-news/2018/01/15/mms-ventures-sees-better-results-on-higher-sales/#yvCeIkh8ceV9VvgL.99
MMS Ventures sees better results on higher sales

DNeX partners with German firm to offer solutions


Dagang NeXchange Bhd’s unit, DNeXPORT Sdn Bhd, has partnered with German-based SEEBURGER AG, a global provider of business integration solutions, to offer a comprehensive solution for seamless and secure cross-border trade.

In a statement, DNeX said it would integrate SEEBURGER's Business Integration Suite (BIS) into 1Trade, a web-based one-stop portal for total cargo and trade management services.

The integration was aimed at enhancing the capabilities of 1Trade, namely, for users and stakeholders that required business integration solutions, it said.

“BIS enables seamless integration of all systems, applications, business partners and cloud services. With BIS, data can be accessed anywhere in real-time, resulting in higher revenue and profitability,” said DNeX.

“DNeX will also market BIS along with 1Trade in Malaysia and the Asian region as well as countries where SEEBURGER has a business presence,” it said. — Bernama

https://www.thestar.com.my/business/business-news/2018/02/08/dnex-partners-with-german-firm-to-offer-solutions/

Accumulate on weakness, Rakuten Trade tells investors
https://www.theedgemarkets.com/article/accumulate-weakness-rakuten-trade-tells-investors

Accumulate on weakness, Rakuten Trade tells investors
https://www.theedgemarkets.com/article/accumulate-weakness-rakuten-trade-tells-investors

USDMYR has been going up recently.. Good for semiconductor stocks

https://www.bloomberg.com/quote/USDMYR:CUR

https://www.bloomberg.com/news/articles/2018-02-07/out-of-whack-volatility-gives-strategists-hope-for-calm-ahead

Out-of-Whack Volatility Gives Strategists Hope of Calm Ahead

Out-of-Whack Volatility Gives Strategists Hope of Calm Ahead
https://www.bloomberg.com/news/articles/2018-02-07/out-of-whack-volatility-gives-strategists-hope-for-calm-ahead

USDMYR has been going up recently.. Good for semiconductor stocks

https://www.bloomberg.com/quote/USDMYR:CUR

There is a growing divide between those researching Machine Learning
Knowledge Center
(ML) in the cloud and those trying to perform inferencing using limited resources and power budgets.

Researchers are using the most cost-effective hardware available to them, which happens to be GPUs filled with floating point arithmetic units. But this is an untenable solution for embedded inferencing, where issues such as power are a lot more important. The semiconductor industry is bridging this divide using more tailored hardware structures and mapping technology that can convert between cloud-based learning structures and those that can be deployed in autonomous vehicles, IoT devices and consumer products.
https://semiengineering.com/bridging-machine-learnings-divide/

Semiconductor Devices Market Projected to be Resilient during 2018 - 2022
https://industrytoday.co.uk/market-research-industry-today/semiconductor-devices-market-projected-to-be-resilient-during-2018---2022

Kesm's associate company, Sunright, was up 1.78% today. Kesm should follow Sunright's price movement.

迪耐SEEBURGER合作
提供跨境贸易解决方案 | http://www.klsescreener.com/v2/news/view/340027

VIX -28.12%　Volatility Index
https://finance.yahoo.com/quote/%5EVIX/

The decrease of the volatility Index means the decrease of investors fear.

Global stock rally is likely to continue.

Energy stocks have room to build on solid start | http://www.klsescreener.com/v2/news/view/339499

The next QR announcement is likely to be good.

The US semiconductor index was up 3.65% yesterday. Buy MMSV today!

The US semiconductor index was up 3.65% yesterday. Buy Kesm today!

https://www.cnbc.com/2018/02/06/no-need-to-panic-analysts-say-after-dow-swings-1600-points.html

https://www.cnbc.com/2018/02/06/no-need-to-panic-analysts-say-after-dow-swings-1600-points.html

This chart shows what tends to happen to markets after a big plunge in the Dow like this

https://uk.finance.yahoo.com/news/dow-plunging-more-500-points-200600776.html

https://klse.i3investor.com/m/blog/sinchew_company_story/141735.jsp

https://www.thestar.com.my/business/business-news/2018/02/04/global-semicon-sales-in-november-hit-record-us$37pt7b/

The next QR announcement must be very good.

https://www.thestar.com.my/business/business-news/2018/02/04/global-semicon-sales-in-november-hit-record-us$37pt7b/

The next QR announcement must be very good.

https://www.thestar.com.my/business/business-news/2018/02/04/amid-stock-market-selloff-us-profit-forecasts

https://klse.i3investor.com/blogs/GorengGorengEE/146327.jsp

https://klse.i3investor.com/blogs/GorengGorengEE/146327.jsp

Amid stock market selloff, US profit forecasts rise https://www.thestar.com.my/business/business-news/2018/02/04/amid-stock-market-selloff-us-profit-forecasts-rise/

Amid stock market selloff, US profit forecasts rise https://www.thestar.com.my/business/business-news/2018/02/04/amid-stock-market-selloff-us-profit-forecasts-rise/

I read a document published by CME group. The title is Asian Stock Index Correlations.

The correlation between KLCI and the Dow is only 0.351 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Nikkei 225 is 0.666 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Hang Seng is only 0.612 from January, 2007 thru March 14, 2014.

I read a document published by CME group. The title is Asian Stock Index Correlations.

The correlation between KLCI and the Dow is only 0.351 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Nikkei 225 is 0.666 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Hang Seng is only 0.612 from January, 2007 thru March 14, 2014.

I read a document published by CME group. The title is Asian Stock Index Correlations.

The correlation between KLCI and the Dow is only 0.351 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Nikkei 225 is 0.666 from January, 2007 thru March 14, 2014.

The correlation between KLCI and Hang Seng is only 0.612 from January, 2007 thru March 14, 2014.

World manufacturing starts 2018 on strong note
Purchasing managers' indices for major economies currently close to record highs
http://www.businesstimes.com.sg/government-economy/world-manufacturing-starts-2018-on-strong-note

World manufacturing starts 2018 on strong note
Purchasing managers' indices for major economies currently close to record highs
http://www.businesstimes.com.sg/government-economy/world-manufacturing-starts-2018-on-strong-note

Dow sees worst day in two years as bond yields jump
https://www.reuters.com/article/us-usa-stocks/dow-sees-worst-day-in-two-years-as-bond-yields-jump-idUSKBN1FM1KC

World manufacturing starts 2018 on strong note
Purchasing managers' indices for major economies currently close to record highs
http://www.businesstimes.com.sg/government-economy/world-manufacturing-starts-2018-on-strong-note

My Say: Economists should not make forecasts | http://www.klsescreener.com/v2/news/view/338305

首季iPhone X 熱銷 蘋果收入淨利創新高 | http://www.klsescreener.com/v2/news/view/338033

Kesm is an automotive semiconductor stock.., but

首季iPhone X 熱銷 蘋果收入淨利創新高 | http://www.klsescreener.com/v2/news/view/338033

首季iPhone X 熱銷 蘋果收入淨利創新高 | http://www.klsescreener.com/v2/news/view/338033

Only small volume selling the stock

Malaysians cannot affect global markets. Haha Buy! Recent Intel, Apple , and Samsung QRs are very good

Buy the dips. Its fundamental is still very good.

the Federal Reserve raised its inflation outlook and flagged "further gradual" interest rate hikes.

Wall Street gave up early gains on Wednesday to finish marginally higher after the Fed kept rates unchanged, but struck a more hawkish tone than expected, no longer saying it expected price growth to stay below 2 percent.

"Janet Yellen, made pretty much clear in her last meeting (as Fed Chair) that the economy warrants more rate hikes," said Naeem Aslam, chief market analyst at Think Markets.

Stronger dollar is coming!

the Federal Reserve raised its inflation outlook and flagged "further gradual" interest rate hikes.

Wall Street gave up early gains on Wednesday to finish marginally higher after the Fed kept rates unchanged, but struck a more hawkish tone than expected, no longer saying it expected price growth to stay below 2 percent.

"Janet Yellen, made pretty much clear in her last meeting (as Fed Chair) that the economy warrants more rate hikes," said Naeem Aslam, chief market analyst at Think Markets.

Stronger dollar is coming!

Samsung unveils stock split and record profit | http://www.klsescreener.com/v2/news/view/337687