KUALA LUMPUR: Malaysia's blue chips remain on a steady rise after another record-breaking session on Wall Street overnight, bolstered by surging hopes of a US rate cut in September.
The major US indices ended with the S&P500 and Nasdaq at fresh record highs after putting on 0.32% and 0.14% respectively, adding fuel to a searing-hot rally as investors reacted to a lower-than-expected inflation report that suggested the Federal Reserve could loosen the lending rate at its next monetary policy meeting.
