Tenaga weighs on FBM KLCI as negative sentiment continues


KUALA LUMPUR: There could be further pullback on the domestic market as a key US inflation report is scheduled to be released later tonight, giving investors new direction on the global inflation environment.

"Despite yesterday's selloff potentially leading to some bargain hunting today, overall market activity is likely to be cautious ahead of the US PCE inflation data release tonight," said Apex Securities Research in its outlook.

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