Market is likely still looking for bottom amid rising risk of recession

As for UOB Kay Hian Research, the view is that while the FBM KLCI could ease again in the near term, the index is unlikely to set new lows this year.

INVESTORS have been warned: the worst is yet to come.

After completing their worst quarter since the 2008/09 Global Financial Crisis, global stock markets could potentially register further losses in the days ahead due to the economic fallout of the coronavirus (Covid-19) pandemic, according to several prominent fund managers.