KUALA LUMPUR, Sept 1 ― Bursa Malaysia remained in the red at mid-morning on selling pressure across the board, tracking the overnight global stock markets’ decline amid worries over the United States’ aggressive monetary policy tightening, dealers said.
The Dow Jones Industrial Average lost 280 points and the Nasdaq declined by 67 points, while the US 10-year yield closed higher at almost 3.20 per cent. “For today, we expect the FBM KLCI to trend within the 1,500-1,520 range, with some weakening in the broader market.
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