Bursa rally continues while tech stocks pare gains

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KUALA LUMPUR: Heavyweights on Bursa Malaysia continued to push higher amid a returning investor interest although the overnight sell-off on the Nasdaq sent technology stocks lower.

Overnight, the Nasdaq lost 1.2% as Netflix dragged the tech-heavy index lower following disappointing earnings results.

"We believe the selected rebound on our local front, specifically the technology stocks are likely to give back the recent gains on the back of the weaker Nasdaq performance.

 

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