Fed driven: Tan says the local market and the rest of the world are dependent on the US monetary policy.
PETALING JAYA: Fund manager Tan Teng Boo believes that the FBM KLCI will stay muted for the rest of the year due to the lack of a clear direction on the future interest rate hike by the US Federal Reserve.
“Our market and the rest of the world are highly dependent on the US monetary policy.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
