Bursa Malaysia ends lower on US rate cut uncertainty

Quick Summary:

KUALA LUMPUR: Shares on Bursa Malaysia retreated at the close on Monday, reflecting a lack of investor interest influenced by concerns regarding developments in the United States (US) and uncertainty about the magnitude of US interest rate cuts.

The FBM 70 Index dipped by 73.10 points to 17,021.35, while the FBM ACE Index fell by 28.40 points to 5,056.05.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 1.63 points to 1,651.49, down from 1,653.12 at Friday's close.

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Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: Markets Bursa Malaysia /Business/Business News Thong Pak Leng Asian shares Mohd Sedek Jantan Rakuten Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 18:11:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 828 words

Reading Time: 5 minutes read

Sentences: 30 lines

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Copyright Owner: © The Star

News ID: 22422925

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