FBM KLCI holds tight to technical support
REVIEW: With the US corporate earnings season picking up pace, the domestic equity market has had a hard time holding on to the bullish sentiment.
Investors were seen fleeing to the sidelines in the past week, speeding up the consolidation on the FBM KLCI, amid a potential contraction in corporate earnings.
As has been the case since the start of the US-China trade war, corporate earnings would signal if the dispute is weighing on investments and earnings, suggesting slowing economic growth.
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