Growing risk appetite pushes FBM KLCI over 1% higher


KUALA LUMPUR: Stocks on Bursa Malaysia soared as the appetite for equities grew amid expectations of the US central bank lowering lending rates as soon as next month.

Investors have turned bullish on the market following the 90-day extension of the tariffs truce deadline between the US and China. Coupled with a tame US inflation report, US stocks were given another short in the arm with the S&P500 and Nasdaq hitting fresh records levels.

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Bursa Malaysia , KLCI , equities , trading , stock

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