KUALA LUMPUR: Hwang DBS Vickers Research said the FBM KLCI, which managed to show resilience last week,could be making its way towards its immediate support level of 1,580 due to jittery market sentiment.
It said on Monday that renewed concerns on the fragile US economy caused major stock indices on Wall Street to tumble between 1.1% and 1.4% at the closing bell last Friday. Consequently, Asian equities are expected to give back much of their gains chalked up towards the end of last week.
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