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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

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

The dark truth about GRRs
The little giants of property development
Malaysia’s urban squeeze
Ringgit may breach 3.95 next week on Middle East ceasefire optimism
Stocks not doomed in stagflation
Tokens lure top AI talent
Treasuries face war cost test
Don’t bend lending rules for power boom
Staying rational in volatile times
Hot money fuels EMs

Others Also Read