KUALA LUMPUR (Bernama): Bursa Malaysia is expected to remain volatile this week if the United States (US) federal government shutdown persists, said an analyst.
IPPFA Sdn Bhd’s director of investment strategy and country economist, Mohd Sedek Jantan, said each week of closure is estimated to shave 0.1 percentage points off fourth quarter gross domestic product growth (annualised), or roughly US$7 billion, raising the risk that a prolonged standoff could erode confidence.
