Profit-taking expected after Fed minutes show ongoing caution

KUALA LUMPUR: Gains on Bursa Malaysia may not be sustainable despite a rally in the previous session to snap a losing streak as investors weigh the possibility of the US central bank ending its rate hikes.

Following the release of the latest Federal Reserve meeting minutes, the cautious approach showed to be taken by policymakers is set to take the shine off recent gains, said Apex Securities Research.