Stock market likely to remain volatile

TheStar Thu, Jan 20, 2022 07:40am - 2 years View Original


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PETALING JAYA: The stock market has been tumultuous since the start of the year and investors should brace for the volatility to continue in the near-term.

Over the past few weeks, the local stock market has been on a decline, taking a cue from the heightened volatility in the global stock markets especially in the United States, as investors are concerned if the US Federal Reserve (Fed) will raise interest rates faster and more aggressively than expected.

“We expect the market to remain volatile in the coming weeks, especially for technology stocks that take cue from Wall Street,” Rakuten Trade head of equity sales Vincent Lau to StarBiz.

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