KUALA LUMPUR: Bursa Malaysia opened to a cautious trading mood on Thursday as a sell-off in US tech equities dampened risk sentiment for equities.
According to Apex Securities, global equities remained on shaky footing as persistent AI-related disruption fears continue to pressure technology stocks, triggering a rotation into value sectors and spilling over into broader markets across Europe and Asia.
The research firm said sentiment has also turned cautious following softer-than-expected US private payroll data and the delay of the official January jobs report, leaving investors in wait-and-see mode on the US interest rate outlook.
"Against this backdrop, the FBM KLCI is likely to trade cautiously in the near term as global risk aversion continues to drive intermittent profit-taking despite limited direct exposure to global tech weakness.
...