PETALING JAYA: Local support for key blue-chip stocks lifted the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) to a fresh new high, offsetting sustained selling by foreign fund managers amid worries the US Federal Reserve may reduce its stimulus programme.
The ringgit weakened to 3.248 against the US dollar ahead of the last scheduled Federal Open Market Committee (FOMC) meeting for the year.
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