Stocks gain momentum as US data points towards sharper rate cuts


KUALA LUMPUR: The FBM KLCI extended its rally on yet another record-charting session on Wall Street overnight as a downward revision to US jobs figures cemented chances for the Federal Reserve to adopt a more dovish stance in September.

At the open, the FBM KLCI was up 1.23 points to 1,588.04, inching higher on the back of improved sentiment for equities.

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Bursa Malaysia , KLCI , equities , trading , stock

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