KUALA LUMPUR: Bursa Malaysia joined the slump in Asian and European markets on Thursday after the US Federal Reserve warned of a long journey ahead for the US economic recovery.
The Fed forecast a 6.5% fall in GDP this year and 9.3% unemployment rate for this year which worried markets about the world's largest economy but with the markets rallying in recent weeks, it was also time to take profit.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!