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KUALA LUMPUR, Jan 10 (Bernama): The robust ringgit is set to leave positive trails onto the equity markets amid a weaker US dollar, as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 30.24 points to end the first week of 2021 at the day’s high of 1,633.19
Even though record highs in major US indices are peppered with warning signs from weakening economic data, many investors are still risking their money for further gains.
PETALING JAYA: The FBM KLCI put up strong gains in yesterday’s trading session, rising 19.62 points or 1.15% to 1,726.18 points by the end of the day, recording its third day of gains. All Asian markets with the exception of Australia’s ASX rose, with gains in Malaysia being the strongest compared to other Asian markets
Job cuts, lower profit forecasts, cost cutting, worries on debt in the US and elsewhere and concerns about China’s economy are putting a strain on the global economy.