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

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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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Category: EconomyBusiness

Markets: MalaysiaHong KongSingaporeUnited States

Topics: Ringgit Rakuten Trade Outlook FBM KLCI /Business/Business News JS-SEZ Markets Kenny Yee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 13:48:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 495 words

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Copyright Owner: © The Star

News ID: 26979810

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