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.

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Bursa Malaysia , FBM KLCI , equities

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