Risk-off mood continues as Fed affirms aggressive interest rate stance


KUALA LUMPUR: The FBM KLCI was slightly lower at midday amid the soft investor sentiment as the US Federal Reserve's stance on interest rate hikes grew increasingly aggressive.

At 12.30pm, the benchmark index was down 0.31 point to 1,598.01. The overall market was bearish with 529 decliners outpacing 308 gainers.

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Bursa Malaysia , FBM KLCI , equities

   

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