Bursa remains negative as investors brace for looming Fed hike


KUALA LUMPUR: The FBM KLCI remained in the red at midday as investors brace for the conclusion of the US Federal Open Market Committee meeting where it is expected to announe another large interest rate hike.

At 12.30pm, the key index was down 5.98 points to 1,455.12. The overall market was negative with 497 decliners compared with 219 gainers.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , FBM KLCI , equities

Next In Business

Gold slides from 1-week high on profit-booking, dollar strength
China to expand institutional opening-up of forex market in 2026
Hibiscus Petroleum raises estimate of 2P oil reserves at UK's Teal West field
CGS International upbeat on Malaysia's economy, sets KLCI end-2026 target at 1,810
Morning trading finishes flat as investors retrace earlier losses
A1 AK Koh Group appointed sole distributor for NZ Milk Powder
Hock Soon Capital inks underwriting deal with M&A Securities
Crude oil slumps, Asian shares edge lower as global tensions climb
Ringgit opens lower vs greenback, higher against major currencies ahead of key US jobs data
FBM KLCI drifts lower as traders await catalysts

Others Also Read