PETALING JAYA: The selldown of technology stocks in the United States has spooked sentiment on the local stock market as pessimism mounts that the US Federal Reserve is going to be aggressive with its monetary policy tightening.
Investors are also fearful of a global economic slowdown led by a surge in Covid-19 cases in China, the Russia-Ukraine war and stubborn inflationary pressure in the United States.
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!