Bursa Malaysia erases earlier gains as investors turn sour on banks

TheStar Thu, May 05, 2022 12:46pm - 1 month View Original

KUALA LUMPUR: The FBM KLCI turned negative in late-morning trade after bank stocks succumbed to fears over rising competition from digital banks, erasing earlier strong gains on the back of the US Federal Reserve's recent rate hike announcement. At 12.30pm, ...

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