Rakuten Trade Revises Margin Financing Rates Downward to Support Active Investors, Broad market sentiment
Bursa Malaysia opened lower as investor sentiment weakened following Wall Street’s overnight losses and a selloff sparked by US President Donald Trump’s reciprocal tariff announcement.
Wall Street took a steep dive after President Trump’s aggressive tariff policy was deemed “insane” by traders, who doubt it will boost U.S. investment or manufacturing. The U.S. 10-year yield dropped to 4.038%, reflecting economic unease. In Hong Kong, the HSI weakened as Trump imposed a 34% tariff hike on China, atop an existing 20%, pushing the index below 23,000—though it held up better than expected.
Malaysia’s FBM KLCI closed below 1,520, a milder drop than anticipated, with potential for a shift in investment preference from Vietnam to Malaysia. The index is expected to range between 1,510-1,525 today. Trump’s tariffs have clouded global economic prospects with risks of inflation and deflation, potentially positioning the U.S. as the biggest loser on its so-called “Liberation Day.”
Read More News on Business News Malaysia
Read More News on Business News Malaysia
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