Tuesday 16 Apr 2024
By
main news image

KUALA LUMPUR (March 24): Malaysian shares may today take the cue from overnight US equity losses after policymakers there delayed a healthcare bill vote.

The vote is closely watched as a litmus test for US President Donald Trump's other policies as investors evaluated whether he will be able to implement his plans for the US economy.

Yesterday, the FBM KLCI fell 1.3 points or 0.1% to close at 1,747 points. The ringgit weakened to 4.4295 against the US dollar.

US shares fell overnight after policymakers postponed the vote on a healthcare bill to repeal existing US healthcare laws. Reuters reported that the US House of Representatives had been scheduled to vote on the bill on Thursday, but leaders put off the vote after failing to find enough support among Republicans to pass it.

The Dow Jones Industrial Average fell 0.02%, S&P 500 dropped 0.11% while Nasdaq Composite was 0.07% lower.

In Malaysia today, the Statistics Department will announce the country's February 2017 inflation numbers at 12 noon. In January, inflation, as measured by the consumer price index, rose 3.2% from a year earlier.

      Print
      Text Size
      Share