KLCI bounces higher, investors await US trade decision


KUALA LUMPUR: The FBM KLCI retraced its earlier losses to end the morning in positive territory amid heightened anxieties over the looming deadline for fresh US tariffs on Chinese imports.

US and Chinese policymakers are working towards a phase-one trade deal before the new tariffs on US$160bil of Chinese goods come into effect on Dec 15. However investors are expecting the deadline for the tariffs to be pushed back to buy the negotiators more time.

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