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.

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