Jan 22: Ringgit continues strong run against major world currencies

Publish date: Mon, 22 Jan 2018, 02:04 PM

KUALA LUMPUR: The ringgit continued its climb against the US dollar today, backed by firmer oil prices and Bank Negara Malaysia's anticipated Overnight Policy Rate announcement on Thursday.

At 6pm, the local note finished at 3.9330/9370 against the greenback from 3.9360/9400 on Friday.

The ringgit was also traded higher against a basket of other major currencies.

The local note strengthened against the Singapore dollar to 2.9809/9848 from Friday's 2.9820/9869, and rose against the yen to 3.5522/5565 from Friday's 3.5572/5617.

It appreciated against the euro to 4.8179/8232 from 4.8322/8387, and gained against the British pound to 5.4653/4724 from 5.4742/4801 on Friday. -- BERNAMA

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tecpower

Hedge Fund Startups in Asia See Signs of Revival
https://www.bloomberg.com/news/articles/2018-01-21/hedge-fund-startups-in-asia-see-signs-of-revival-after-slow-2017

2018-01-22 22:21

hstha

IMF Raises 2018 Global Growth Forecast, Partly on U.S. Tax Cuts (Breraking news)

Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said.
https://www.bloomberg.com/news/articles/2018-01-22/imf-sees-global-growth-picking-up-as-u-s-tax-cuts-gain-traction

You should buy tech stocks like semiconductor stocks when global growth accelerates to the fastest pace in seven years. Haha

2018-01-22 22:45

hstha

Tech, Energy Bright Spots for Stock Pickers: Barron's Roundtable

Some of Wall Street’s most influential investors are eyeing energy and technology plays as the bull market hums on.

Asked for their best stock picks as part of Barron’s 2018 roundtable discussion, Jeffrey Gundlach, Abby Joseph Cohen, Delphi Management founder Scott Black and other panelists championed technology and energy companies they see profiting from rising tides in those industries.

Four of the nine participants highlighted companies tied in some way to semiconductors, from Samsung Electronics Co. -- Cohen’s pick -- to Lam Research Corp., favored by Black, which manufactures semiconductor processing equipment used in making circuits.

“People are still living in the past. They retain a notion from 1995 to 2000 that semiconductor-equipment manufacturing is wildly cyclical and a bad business," Paul Wick, lead manager of the Columbia Seligman Communications & Information Fund at Columbia Threadneedle Investments. He pitched Micron Technology Inc. “In fact, the chip industry has become much less volatile."
https://www.bloomberg.com/news/articles/2018-01-20/tech-energy-bright-spots-for-stock-pickers-barron-s-roundtable

Tech stocks like semiconductor stocks outperform the market greatly when global economy is very good.

2018-01-22 22:49

tecpower

The US semiconductor index was up 0.76% yesterday. Texas Instruments was up 2.23% yesterday. Very bullish. Semiconductor rally is coming.

2018-01-23 07:24

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