KLCI
REVIEW: The FBM KLCI struggled to pick up any speed above the 1,600 line. Going by the net negative performance on Bursa Malaysia this week, investors are intent to keep to safety levels on the FBM KLCI so long as there is no confidence in an economic recovery given rising global cases of Covid-19 and worsening tensions between the US and China.
While US corporate earnings - many of which are beating expectations given the low forecasts set by analysts - are streaming in, global investors are more focused on further stimulus or policy that will lift the investment landscape.
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