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Asian Market Updates

Rebound Anticipated For Malaysia Stock Market

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Ahead of Monday's holiday for the Islamic New Year, the Malaysia stock market had snapped the two-day winning streak in which it had climbed more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it may move back to the upside again on Tuesday.

The global forecast for the Asian markets is flat to higher on uncertainty over the outlook for interest rates. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead.

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