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MARKET PULSE PM OCT 11, 2024 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves.

Bursa Malaysia closed lower on Friday, reflecting regional weakness as concerns about future Fed rate cuts grew following hotter-than-expected US inflation data.  

Market focus is expected shift to China's Finance Ministry's upcoming briefing, where long-anticipated stimulus measures are likely to be revealed.

In the near term, the FBM KLCI is likely to consolidate within the 1,630 to 1,650 range.

The ringgit strengthened against the greenback to 4.2800.

In the crypto market, Bitcoin declined to RM260,546.

Ethereum was trading lower at RM10,331, and Solana was down at RM607.

That's it for Market Pulse.

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