The FBM KLCI is expected to trade sideways as investors await key regional CPI data. Lower-liner stocks may see heightened volatility due to escalating US-Russia tensions, especially after Putin’s warning about a lower threshold for nuclear weapons use and Biden’s approval for Ukraine to use US weapons within Russia. Globally, attention is on the UK’s inflation rate release. Locally, investors are focused on the ongoing quarterly results season. In sectors, profit-taking may occur in plantations after the CPO export tax hike, while technology stocks could attract interest following Nasdaq gains overnight.
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