Bursa Malaysia likely to ease to 1,400 level this week

KUALA LUMPUR (Bernama): Bursa Malaysia will likely move on a downward trend this week, easing to 1,400 points from the current 1,420 points, as most stocks are struggling to find their next direction.

Inter-pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said investors have raised their expectation that the United States Federal Reserve is going to keep the interest rate higher for longer.