KUALA LUMPUR: Bursa Malaysia opened lower on Friday, tracking Wall Street’s weaker overnight close, as investors reassessed rate-cut expectations after remarks from a Federal Reserve official tempered optimism over further easing.
Overnight, the Dow Jones Industrial Average shed 173.96 points, or 0.38%, to close at 45,947.32, while the S&P 500 fell 33.25 points, or 0.50%, to 6,604.72. The Nasdaq Composite declined 113.16 points, or 0.50%, to 22,384.70.
