KUALA LUMPUR: The FBM KLCI took a step back following the previous day's advance as it continued to straddle the 1,600-point mark ahead of the US Federal Reserve's Jackson Hole symposium taking place this weekend.
The paralysis on the local market comes at a time when investors are weighing the negative impact of the trade war with the prospect of more stimulus and interest rate cuts announced by major central banks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!