PETALING JAYA: Bursa Malaysia and the benchmark FBM KLCI is poised for a lower lows for the time being as the odds of a recession in the United States has risen due to the impact of Trumps tariffs, a pause in the Federal Reserve rate normalisation and resulting weaker consumer and business confidence.
Following a rout on US markets overnight, the FBM KLCI fell some 16.3 points or 1.06% to 1,520 points at close yesterday, a one-year low as nervous investors moved into risk-off mode.
