KUALA LUMPUR: While Wall Street's decline overnight might put a cap on investor optimism, the outperformance of the domestic market in the previous session was reflective of the sustained foreign buying in local equities.
As at the midweek, Bursa Malaysia is into a sixth consecutive week of net foreign buying, bucking the negative trend of foreign flows in regional markets.
At 9am, the benchmark FBM KLCI was down 2.9 points to 1,460.61 as investors took gains following the release of US Federal Reserve meeting minutes that indicated policymakers were split over whether there was a need for further rate hikes this year.
Major US indices fell on the release of the minutes, with the Dow Jones losing 0.5% to 34,765, the S&P500 dropping 0.8% to 4,404 and the Nasdaq sliding 1.15% to 13,474.
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