Threat of economic slowdown foils rally


KUALA LUMPUR: Bursa Malaysia tracked Wall Street lower as the US braces for an expected economic slowdown near year.

US major indices were positive for most the overnight session but descended rapidly after Apple Inc announced it would slow hiring and cut capex in certain divisions to cushion itself from the effects of a sluggish economy in 2023.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , FBM KLCI , equities

Next In Business News

Defensive counters in favour as sentiment turns cautious
Ringgit opens higher vs US$ as Fed rate hike expectations ease
Trading ideas: Malakoff, Bus Cap, West River, OCR, Destini, MSC, Lotte, FGV, AMMB, JPG, Master Tec, Kawan, DRB-Hicom, KPJ, Hume, Duopharma
Oil hits three-week high as US-Iran peace hopes fade
Dutch Lady cautiously optimistic on the year ahead
Nurul Muhaniza named group MD of FGV
AmBank makes resilient start to FY27
Better dividends, Prasarana jobs fuel HI Mobility
Tencent debuts first cloud region in Johor
Record 1H revenue for Lagenda as it eyes growth

Others Also Read