Wall Street and Malaysia stock market
The FBM KLCI ended in negative territory as sellers emerged ahead of the economic data from the US.
“We expect an uptick in the index emanating from Wall Street’s strong closing overnight hence anticipate the index to hover between the 1,605-1,615 range today”
Trading on rubber glove stocks took the limelight yesterday buoyed by the US tariff imposition on Chinese goods which will only take effect in 2 years.
“Therefore, we see yesterday’s euphoria as only a knee jerk reaction and advocate investors to be vigilant,” Rakuten says.
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