KUALA LUMPUR, Sept 24 (Bernama) -- Bursa Malaysia ended lower on Thursday, weighed down by moderate selling pressure interspersed with buying activity as renewed hikes in oil prices and elevated global bond yields dampened investor sentiment, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.12 points, or 0.24 per cent, to 1,672.31, from Wednesday’s close of 1,676.43. The benchmark index, which opened 1.98 points lower at 1,674.45, moved between 1,671.48 and 1,679.47 during the day. Market breadth was also negative, with losers outpacing gainers 677 to 436, while 542 counters were unchanged, 1,246 untraded and 27 suspended. Turnover widened to 3.32 billion units worth RM2.74 billion from 3.20 billion units valued at RM2.99 billion on Wednesday.
U.S. 10Y touches 5%, AI stocks tumble and oil stays above US$105 markets brace for tomorrow’s Fed decision Global markets enter Tuesday with three pressure points converging: U.S. borrowing costs briefly crossed 5%, oil remains above US$100, and the AI trade suffered a sharp reset overnight . The S&P 500, Dow and Nasdaq all closed lower Monday, while the Philadelphia semiconductor index plunged 5.9% . For Malaysian investors, there was one encouraging counterpoint: the FBM KLCI rebounded 0.66% to 1,698.01 , snapping four consecutive losing sessions despite the difficult global backdrop. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,619.98, -0.48% 🇺🇸 Dow Jones 52,421.20, -0.29% 🇺🇸 Nasdaq 26,186.41, -0.56% 🇲🇾 FBM KLCI 1,698.01, +0.66% 💵 USD/MYR ~4.04–4.05 🇺🇸 U.S. 10Y Treasury briefly >5%; ~4.98% later 🥇 Spot gold ~US$4,313/oz, -0.8% 🛢️ Brent US$105.68/bbl, +~1% ₿ Bitcoin ~US$79,150, +~2% Monday The dollar strengthened Mo...