KL shares end lower as regional markets falter on US Fed signals, cautious investor sentiment

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KL shares end lower as regional markets falter on US Fed signals, cautious investor sentiment - Malay Mail

Quick Summary:

KUALA LUMPUR, Dec 20 — Shares on Bursa Malaysia ended the week on a lower note as they continued to face selling pressur...

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors remained cautious as they are closely watching the release of November’s US personal spending data for further cues on interest rate.

The broader Asian markets ended the week in negative territory, weighed down by hawkish signals from the US Federal Reserve (Fed) as higher US interest rates dampen appetite for riskier assets.