KUALA LUMPUR, Dec 17 ― Bursa Malaysia was lower in early trade today following weakness in US equities, which ended in the red again, led by selloffs in technology stocks and consumer discretionary, dealers said .
“Investors turned cautious and continued to digest the faster tapering of bond buying by the Federal Reserve as it has turned more hawkish during the recent Federal Open Market Committee meeting. Tracking Wall Street, the brokerage firm said traders may trade in a cautious tone, especially on the technology stocks, as well as would likely put Sarawak counters on the radar ahead of the Sarawak state election and look out for plantation and energy stocks on the back of firmer commodities prices.
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