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KUALA LUMUPR: Rising geopolitical instability triggered by new developments in the Russian conflict and worries over China's economic growth are keeping global investors to the sidelines, even as Wall Street chalked up another day of profit-taking following the Federal Reserve's indication of more rate hikes this year.
KUALA LUMPUR: With Wall Street entering profit-taking mode and regional markets wobbling on concerns over China's economic outlook, the chips are stacked against Bursa Malaysia today.
KUALA LUMPUR: Bursa Malaysia, which failed to capitalise on US optimism over the Federal Reserve's recent decision to skip a rate hike, could remain range-bound as investors fret over the US central bank's still hawkish stance.
KUALA LUMPUR: The local market opened slightly lower at the start of trading despite confirmation from the US Federal Reserve that it would skip the interest rate hike in June.