KUALA LUMPUR: The domestic market is hot on the heels of global markets as fears over contagion risks in the banking sector eased, with the focus on the US Federal Reserve's next move at the upcoming Federal Open Market Committee meeting.
At the opening bell, the benchmark FBM KLCI was up 5.35 points to 1,407.16, tracking a bounce in US markets overnight as investors gained confidence the takeover of beleaguered Credit Suisse by rival UBS will help to prevent a growing banking crisis.
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