Bursa rises ahead of third US rate hike

Bursa rises: Investors watch trading boards at a private stock market gallery in Kuala Lumpur. Bursa Malaysia joined an uptrend in most regional markets ahead of the third interest rate hike by the US Federal Reserve for this year. — AP See page 2

PETALING JAYA: Bursa Malaysia joined an uptrend in most regional markets ahead of the third interest rate hike by the United States Federal Reserve (Fed) for this year, as well as expectations of stimulus measures in China in light of the trade tension.

On Tuesday, the Fed began a two-day policy meeting with Despite concerns that trade tensions between China and the US would dampen Asia’s economic growth in the coming years, Bursa Malaysia saw the largest weekly foreign net inflow amounting to RM514.8mil last week.