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Rakuten Trade maintains FBM KLCI targets at 1,730 amid global market realignment

The Star LogoThe Star9h ago

Rakuten Trade maintains FBM KLCI targets at 1,730 amid global market realignment - The Star

Quick Summary:

KUALA LUMPUR: Rakuten Trade Sdn Bhd has maintained its FTSE Bursa Malaysia KLCI (FBM KLCI) target at 1,730 this year, amid global market realignment as investors adjust to the moderation of Wall Street's extended rally.

He explained that overvaluations and an excessive quantitative easing (QE) by the US Federal Reserve (Fed) have collectively driven US equities to unprecedented levels.

"Given the state of the US economy and the possibility of more rate cuts by the Fed, I expect the ringgit to remain in the 4.20 to 4.30 range by the end of the year.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 13:48:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 26979810

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 38 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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  • URL: https://beamstart.com/news/rakuten-trade-maintains-fbm-klci-17419332634636

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