Muted KL market seen for rest of this year

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.