KLCI lingers below 1,500 ahead of the stimulus package announcement

KUALA LUMPUR: The FBM KLCI lingered below the 1,500-point level in morning trade as investors awaited the announcement of the government's economic stimulus package.

Investors are anticipating support for the domestic economy amid a bearish global backdrop as the Covid-19 outbreak continues to worsen. The number of new infections continue to growth in South Korea and Thailand while previously unaffected countries such as Iran and Brazil reported first infections.