Bursa ends lower on rising oil prices, elevated bond yields
Higher energy costs could reinforce inflationary pressures and keep interest rates higher for longer, says analyst.
Bursa Malaysia closed lower on Tuesday, with rising oil prices and elevated global bond yields dampening investor sentiment. Analyst Sedek Jantan of IPPFA Sdn Bhd explained that Brent crude futures for November surged 3.3% to US$106.50 per barrel before easing, while bond yields remained near two-decade highs, putting pressure on equity valuations.
The combination of higher energy costs and strong global bond yields is expected to keep risk appetite cautious, prompting investors to favor defensive and commodity-linked sectors. At the time of writing, Brent crude oil had climbed 2.45% to US$105.54 per barrel, while the FTSE Bursa Malaysia KLCI eased 4.12 points to 1,672.31.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Bursa Malaysia ends lower on rising oil prices, elevated bond yields nst.com.my
- European Stocks Edge Lower as Rising Global Bond Yields Weigh bloomberg.com
- Bursa ends lower on rising oil prices, elevated bond yields freemalaysiatoday.com
