CGS-CIMB Retail Research also pointed out October has historically been the most volatile month for stock markets globally and Malaysia is not likely to be spared.
KUALA LUMPUR: The FBM KLCI is likely to extend its decline on Thursday after hitting the lowest since June 2012 the previous day following the overnight slump on Wall Street.
CGS-CIMB Retail Research said the KLCI fell 14.54 points on Wednesday on the back of the weak US manufacturing activity sparking fears of a global economic recession.
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