KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Global stocks climbed on Tuesday, with the MSCI World Index rising 1% . Meanwhile, US bond yields and the dollar pulled back from recent highs as investors awaited key announcements from President-elect Donald Trump’s cabinet and assessed the future of US interest rates. Tech stocks led gains , reflecting Wall Street's recovery from last week’s sell-off. However, investors were cautious ahead of Nvidia’s earnings report on Wednesday . Key Market Moves Global stocks : MSCI World Index up 1% , snapping a four-day losing streak. Regional performance : Europe : STOXX index rose 0.2% . Japan : Nikkei gained 0.5% . Australia : Equity benchmark up 0.8% , hitting a record intraday high. Taiwan : Shares advanced 1.3% . China : Mainland blue chips dropped 1.2% , weighed by uncertainty over potential Trump tariffs. US futures edged higher , with S&P 500 futures pointing to a 0.1% gain after Monday’s 0.4% advance . Fed Outlook and Trump's Policies in Focus The market's outlook f...