Bursa Malaysia retreats amid global sell-off

Quick Summary:

Bursa Malaysia ended lower yesterday, tracking an equity rout worldwide after weak US data fuelled fears of a slowdown in global economic growth.

As such, we maintain our FBM KLCI target for the week between 1,670 and 1,700,” he said.

At 5pm, the FBM KLCI slipped 6.41 points, or 0.38% to 1,670.24, down from Tuesday’s close.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: MarketDip FinancialStocks BargainHunting BursaMalaysia GlobalEconomy FBMKLCI EmergingMarkets /Business/Business News Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 00:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22369599

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Official Website: thestar.com.my

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