Bursa Malaysia snaps three-day rout as US inflation dips below estimates

Quick Summary:

KUALA LUMPUR: The benchmark FBM KLCI rebounded more than 10 points at the starting line on Thursday following a dovish US consumer price report that surprised investors.

"This is expected to also benefit the EMS sector despite President Joe Biden's recent announcement curbing the export of AI chips," it said in a note.

Meanwhile, Malacca Securities Research said bargain-hunting activities are expected to emerge in the local technology sectors.

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Article Details

Author / Journalist: Fong Min Yuan

Category: EconomyBusiness

Markets: Malaysia

Topics: Markets Trading Bursa Malaysia Equities Commodity FBM KLCI Investor Stocks /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 09:25:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25184554

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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