KUALA LUMPUR: Malaysia's main stock index looked to remain range-bound even as anxieties grew over another spike in crude oil prices, and diminished hopes of a quick end to the armed conflict in the Middle East.
Makrets are likely to remain cautious in the near term as ivestors monitor evolving geopolitical risk, said Apex Research in its report.
"Volatility may stay elevated as participants assess the potential implications for global energy supply and inflation. Nevertheless, any signs of diplomatic de-escalation could help stabilise sentiment and support a gradual recovery in risk assets."
With the conflict entering its sixth day, the research firm also noted that earlier hopes of a de-escalation faded after Iran warned that Washington would “bitterly regret” the sinking of an Iranian warship off Sri Lanka.
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