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Stocks extend slide; dollar rides Treasury yields higher
SINGAPORE: Asian shares extended a global sell-off on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year.
FBM KLCI tracks regional markets higher on Fed’s dovish guidance
KUALA LUMPUR: The FBM KLCI joined regional markets in welcoming the announcement from the US Federal Reserve that it remained on course to delivering three rate cuts by the end of the year.
Bursa Malaysia tracks Asian markets higher
KUALA LUMPUR: The FBM KLCI tracked other Asian markets higher on Thursday, buoyed by gains in banking stocks, YTL Power and QL Resources.