Bursa extends sell-off as sentiment remains wobbly over US rate hikes


  • Markets
  • Thursday, 20 Jan 2022

KUALA LUMPUR: Bursa Malaysia opened on a softer note on Thursday as global markets positioned for the start of the US Federal Reserve's rate hike cycle next week.

US markets extended their sell-off overnight amid the growing trepidation that the central bank will raise rates and reduce its bondholdings at a faster rate than expected.

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Bursa Malaysia , FBM KLCI , equities

   

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