Bursa erases earlier losses as anticipation over Fed decision grows

KUALA LUMPUR: The Malaysian benchmark stock index retraced losses from earlier in the day to enter the lunch break on a flat note as investors stayed on the sidelines ahead of a highly anticipated US Federal Reserve rate hike decision.

At 12.30pm, the FBM KLCI was down 0.32 points to 1,446.8 as nerves kept stock prices in check and the overall market evenly split with 370 decliners compared to 379 gainers.