Market Pulse - 11May23 - Muted Trading

The FBM KLCI slid further, tracking the subdued trading tone across the regional bourses as China’s disappointing trade data weighed on the sentiment, while investors were trading cautiously prior to the US inflation data. With the latest CPI data showing signs of easing inflationary pressure, investors are likely to turn more optimistic on the technology sector and the Fed is likely to pause on rate hikes next month.