Key regional markets, including Bursa Malaysia, reacted positively to the United States Federal Reserve’s (Fed) first interest rate hike in nine years, although concerns linger on the impact to be felt on the future rate hikes anticipated to take place next year.
In a knee-jerk reaction to the rate rise, which sent out a signal that the US economy was now on a stronger footing, the local key benchmark index, the FTSE Bursa Malaysia KL Composite Index, closed 1.37% or 22 points up to 1,656 points, with market breadth across the bourse generally positive.
World Bank country manager for Malaysia Faris Hadad-Zervos said the issue of the Fed hike had been the longest-talked-about and most-anticipated one to date.
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In a knee-jerk reaction to the rate rise, which sent out a signal that the US economy was now on a stronger footing, the local key benchmark index, the FTSE Bursa Malaysia KL Composite Index, closed 1.37% or 22 points up to 1,656 points, with market breadth across the bourse generally positive.
World Bank country manager for Malaysia Faris Hadad-Zervos said the issue of the Fed hike had been the longest-talked-about and most-anticipated one to date.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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