Bursa opens lower on Wall Street weakness as rising oil prices, US bond yields weigh
KUALA LUMPUR, Sept 29 — Bursa Malaysia’s key index opened lower on Tuesday, tracking weaker Wall Street perf...
Bursa Malaysia's key index, the FTSE Bursa Malaysia KLCI, opened lower on Tuesday as weaker Wall Street performance, rising crude oil prices, and increased US bond yields weighed on sentiment. The index fell 7.22 points, or 0.43%, to 1,662.80, with market breadth showing more decliners than gainers. Oil prices spiked after US President Donald Trump rejected an Iranian proposal to end their conflict, driving crude prices higher and reigniting inflation concerns that pushed US Treasury yields upward.
Analysts expect cautious trading, with the index expected to hover within the 1,660-1,675 range for the day.
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