Bursa Malaysia ends morning session lower
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI eased 7.22 points to 1,632.15 from yesterday's close of 1,639.37.The benchmark index opened 3.81 points lower at 1,635.56. — Picture by Azneal Ishak
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI eased 7.22 points to 1,632.15 from yesterday's close of 1,639.37.The benchmark index opened 3.81 points lower at 1,635.56. “If US President Donald Trump hikes tariffs on US$200 billion worth of Chinese goods to 25 per cent on Friday, it would lend a drastic outlook to the global market,” he added.
Meanwhile, Bank Negara Malaysia’s decision to cut the overnight policy rate by 25 basis points to 3 per cent from 3.25 per cent, was viewed as pre-emptive action against a possible quicker-than-expected slowdown in the Malaysian economy, the dealer said.Public Bank lost 14 sen to RM22.34, Hong Leong eased four sen to RM19.76, Maybank inched down two sen to RM8.97, while CIMB was flat at RM5.20.
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