Bursa investors stay guarded on US rate hike worries


KUALA LUMPUR: The Malaysian stock market remained downbeat at midday as investors remained cautious ahead of the US central bank meeting next week that will determine the path of future interest rate hikes.

At 12.30pm, the benchmark FBM KLCI was down 2.59 points to 1,452.45, weighed down mostly by a sharp decline in PETRONAS Chemicals.

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!

Next In Business News

Currency gains face fresh test
Bali’s nomad boom stokes tensions
Finding your arbitrage
Can tech weather the sell-off?
From promises to performance
Caribbean fears EU golden passport fallout
Betting big on AI
Gold rally fuels exotic options
Linxiang a ‘hot zone’ for fishing tackle
As the lease runs down

Others Also Read