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Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to better reflect company fundamentals. Firms with strong fundamentals may sustain high valuations, while weaker ones may see a marked divergence in stock price performance.

And while the US Congress too has moved quickly to provide support for businesses and households, "it may well be the case that the economy will need more support from all of us, if the recovery is to be a robust one".

And some recent comments made by presidential hopeful Mitt Romney certainly provided a chuckle.

Analysis from International Data Corporation indicates that Transsion's market share in Africa reached 52.5 percent in 2019 while its smartphone market share in the continent has exceeded 40 percent and ranked No 1 by the end of second quarter this year, in spite of the global economic impact of COVID-19, according to Transsion.

Analysts expect the glut in refined fuels could last for years, partly due to the slowing demand domestically and a surfeit of refining capacity.