Market Pulse - Still Under Pressured

The FBM KLCI marked its 7-day losing streak amid mounting concerns over geopolitical tension, as well as ongoing worries on the anticipated rate hikes in the upcoming FOMC meeting. We believe the downward move on the local front may persist, given Wall Street finished another session in the red. However, we expect investors to pick up significantly bashed down companies with solid fundamentals ahead of the earnings season.