WASHINGTON (Reuters) -The Federal Communications Commission on Thursday proposed to fine Chinese-based video doorbell manufacturer Eken nearly $735,000 for providing false information and after security concerns were raised.
KUALA LUMPUR: The FBM KLCI started with a slight retracement following Wall Street's positive performance but remained firmly below the 1,600-point psychological level.
The Dow Jones Industrial Average rose 1.06% to 43,870.35, the S&P 500 gained 0.53% to 5,948.71 and the Nasdaq Composite gained 0.03% to 18,972.42. Malacca Securities Research noted that the escalation of the Ukraine-Russia conflict could weigh on market sentiment, but also present opportunities in gold and oil-related stocks and the consumer sector.
Meanwhile, the construction, property, and building materials sectors remain supported by earlier data centre investments, it said in a note.
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