The FBM KLCI witnessed another wipe-out along with the regional peers on the back of inflation induced rout. We believe market should remain volatile at least until the FOMC meeting which will be held next week as investors will be waiting for more clarity from the Fed’s Chairman Jerome Powell going forward on the interest rate decision; currently the market is pricing in a 75-basis point rate hike. Meanwhile, geo-political uncertainties could be capping the upside reward at this juncture.
Open an Account with M+ Online and begin your investment journey today