Prospect of more US rate hikes in 2023 halts stock rally


KUALA LUMPUR: There was some profit-taking on Bursa Malaysia in the morning session as the US Federal Reserve left the door open to more rate hikes later this year despite meeting expectations to skip an increase at the recent policy meeting.

At 12.30pm, the benchmark FBM KLCI was down 4.14 points to 1,381.28.

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