BERITA

Bursa Malaysia set to continue downtrend this week on weaker sentiment, says economist

KUALA LUMPUR (Bernama): Bursa Malaysia is likely to trend lower this week amid rising interest rates, higher oil prices and the stronger US dollar.

Inter-pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the US Treasury bond rout has bolstered the view that the US Federal Reserve (Fed) would call for more rate rises over the next 12 months.

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