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Bursa Malaysia opened lower as US inflation data raised rate hike fears, with KLCI falling to 1,600.13.
Summarised automatically by AI from the original article by Malay Mail. AI can make mistakes, so check the original for details.
KUALA LUMPUR, Nov 11 — Bursa Malaysia opened lower on Wednesday, tracking US Wall Street’s decline after US October inflation data heightened concerns over inflationary pressures.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 3.94 points to 1,600.13 from yesterday’s close of 1,604.07.
Market breadth was negative, with losers outpacing gainers 145 to 136, while 260 counters were unchanged, 2,774 untraded and 12 suspended.
Turnover stood at 271.32 million units worth RM84.19 million.
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