Struggle ahead seen for KL market this week


PETALING JAYA: The local benchmark index will struggle to stay above the 1,300-point psychological support level this week, as jittery investors fret over faltering global economic growth.

A weak June US jobs data, a slowdown in manufacturing growth in China for the same month, as well as Malaysia’s own slowing export figures in May provided fresh evidence last Friday that the economic recovery is losing steam.

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