KUALA LUMPUR: An overnight dive in US equities following a report that pointed to resurgent inflation might halt the recovery in Malaysian stocks on Wednesday.
There was sharp profit-taking in technology counters on Wall Street, leading to a 1.89% plunge in the Nasdaq and the 10-year Treasury yield surging higher. While there could be spillover effects from the profit-taking in global equities, Rakuten Trade pointed towards a positive trend on developing on the domestic market.
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