KUALA LUMPUR: News on stock, crypto and ringgit moves.
Bursa Malaysia lost steam as the rally in glove stocks slowed, and market anxiety increased ahead of the U.S. Federal Reserve's interest rate decision, with uncertainty over the potential size of the rate cut.
A 25-basis point cut will likely keep the local stock market muted according to one analyst.
The FBM KLCI dropped three point six nine points, settling at 1,660.59.
Meanwhile, the ringgit reached a fresh 19-month high against the US dollar, to 4.2410 at 5PM.
In the cryptocurrency market, Bitcoin, which is expected to reach record highs with US rate cuts, declined to RM256,380.
That's it for Market Pulse.