KUALA LUMPUR: Investors are continuing to take money off the table following a mixed performance on Wall Street, in response to a slightly dovish message by the US Federal Reserve.
The FBM KLCI dropped one point to 1,574.97 at the open as investors digested the news of the latest Fed guidance.
Overnight, the Fed stayed put on its lending rate as widely expected. Fed chair Jerome Powell said comments following the decision that there is unlikely to be another rate hike, although he said there has been a "lack of further progress" in bringing inflation down to the 2% target.
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