SINGAPORE/NEW YORK (Reuters) - Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting.

China’s exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.

GLOBAL rubber demand growth is expected to return to positive territory in June 2020 with expectations of natural rubber consumption to grow 0.4%, after declining in April (-23.1%) and May (-10.1%).

KUALA LUMPUR: The ringgit extended last Friday’s upward momentum to trade higher against the US dollar in the early session today on renewed buying interest. At 9.08 am today, the ringgit was quoted at 4.2400/2500 against the US dollar from last Friday's 4.2640/2700.

KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin today announced that the Conditional Movement Control Order (CMCO) currently enforced will end June 9 and will be replaced with the Recovery Movement Control Order (RMCO).

SYDNEY (Reuters) - Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.