The FBM KLCI closed lower by 1.24% to 1,639.80, reflecting a general downturn in regional markets as investors awaited U.S. inflation data. Sectors such as energy, technology, and health care experienced significant declines, while telecommunications and utilities were flat. Market breadth was negative with 825 losers and 283 gainers, and the total trading volume was 2.96 billion shares valued at RM3.33 billion.
Energy index
Regional indices mostly fell: the Hang Seng Index dropped 0.73%, the Shanghai Composite declined 0.82%, and the Nikkei 225 eased 1.49%. However, the Straits Times Index rose by 0.53%.
In contrast, Wall Street saw gains after a key inflation report increased expectations for a U.S. Federal Reserve rate cut. The Dow Jones Industrial Average gained 0.31%, the Nasdaq surged 2.17%, and the S&P 500 rose 1.07%.
Read More Business News
Leave a Reply
You must be logged in to post a comment.