KUALA LUMPUR, June 10 ― Bursa Malaysia opened lower today, tracking the overnight heavy fall of the United States stocks and government bonds, ahead of consumer price data today, as investors were expecting high US inflation print.
“Investors may stay cautious, given the heavy selling pressure on Wall Street and European stock exchanges as ECB increased its interest rate by 50 basis points, translating into further volatility on the local exchange over the near term,” it said. “For defensive purposes, investors may lookout for trading opportunities within the consumer, REITs and banking sectors over the near term,” it added.
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