KUALA LUMPUR: Global stock markets were mixed on Thursday as disappointment prevailed over the shallow US interest rate cut and uncertainty over whether there would be more reductions moving forward.
Mirroring the missed expectations, the ringgit turned weaker against the US dollar despite the rate cut, slipping 0.3% to 4.1960. The local currency was also 0.4% lower against the pound sterling at 5.2341 and 0.2% weaker against the Singapore dollar at 3.0430.
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