Bursa Malaysia closes lower amid caution over US inflation, global rate outlook (opens original article in a new tab)

Bursa Malaysia closed lower amid caution over US inflation and global interest rate expectations, with industrial and banking stocks declining.

• Bursa Malaysia closed lower as investors reacted to US inflation concerns and global rate outlook.
• Industrial and banking stocks declined, while telecommunications sector saw gains.
• Market breadth was negative with more decliners than gainers, and turnover increased.