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Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d).
The upward momentum appears to be intact despite the inflation-induced weakness seen earlier this year, and futures trading point to a cautious start.
Federal Reserve Keeps Interest Rates On Hold: Stock Market Falls On Rate Cut Expectations
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Fed held interest rates steady for the second straight meeting, but retained a tightening bias, signaling that future actions will be guided by financial conditions and the trajectory of the economy.