Bursa Malaysia Rises on Positive China Data and US Rate Hike Expectations

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Bursa Malaysia,US Rate Hike,Inflation

Market sentiment further supported by positive China retail sales and industrial data, says analyst.

Bursa Malaysia rose to more than an eight-month high today as investors foresee the potential end of the US rate hike cycle following the decline in the country’s inflation in October. The market was further boosted by China ’s better-than-expected retail and industrial data.

Source: News Formal (newsformal.com)

Bursa Malaysia US Rate Hike Inflation China Retail Sales Industrial Data

 

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