Market set to see deeper correction

Quick Summary:

Bursa Malaysia and the benchmark FBM KLCI is poised for a lower lows for the time being as the odds of a recession in the United States has risen due to the impact of Trumps tariffs, a pause in the Federal Reserve rate normalisation and resulting weaker consumer and business confidence.

With the exception of China, the rest of Asia saw heavy losses weighed by markets in Japan’s Nikkei 225 which declined 0.64%, South Korea’s Kospi that fell 1.28%, Singapore Straits Times Index which lost 1.76% and Taiwan’s Taiex that fell 1.73% at the time of writing yesterday.

In its strategy report titled “Bloodbath Deepens As Slowdown Fears Intensify; Stay Defensive”, UOB Kay Hian (UOBKH) Research said it continues to anticipate a potential softening in the Trump administration’s stance on tariffs by April.

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Article Details

Author / Journalist: DANIEL KHOO

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSouth KoreaMaliSingaporeTaiwanUnited States

Topics: MarketVolatility RecessionRisk BursaMalaysia TariffImpact GlobalEconomy InvestorSentiment /Business/Business News Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 00:00:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 930 words

Reading Time: 6 minutes read

Sentences: 23 lines

Sentence Length: 41 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 26903060

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 40 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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