Tech Surge Lifts Wall Street as Energy Drags
FBM KLCI closed flat as cautious sentiment kept trading subdued, while stronger Wall Street and Hong Kong performances, supported by easing geopolitical tensions, lifted broader regional market confidence.
Malaysia’s FBM KLCI ended the session largely unchanged after recovering from earlier losses, supported by late bargain hunting despite subdued investor participation. Trading volume remained light at 2.7 billion shares as investors stayed cautious over lingering geopolitical risks in the Middle East.
Overseas, Wall Street closed broadly higher after the United States and Iran mutually paused military strikes, lifting market sentiment and boosting selective technology stocks following Alphabet’s debut on the Dow Jones Industrial Average.
Hong Kong’s Hang Seng Index also rebounded above 23,000 as bargain hunters returned to battered technology counters, reflecting improved confidence across regional equity markets.
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