BEIJING: China called on the Philippines to 'seriously consider the future' of a relationship 'at a crossroads' in a Monday (Sept 9) commentary published by the People's Daily, the newspaper of the governing Communist Party, amid tensions in the South China Sea.
KUALA LUMPUR: Bursa Malaysia is poised to retest the 1,670 level this week on improved sentiment with the latest US jobs data pointing to a softening labour market, keeping hopes for an interest rate cut elevated.
He added that this week’s domestic market setback offers a compelling buying opportunity due to more attractive valuations. However, he said investors should remain aware of the market’s heightened sensitivity to US economic data. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said from a technical standpoint, the 20-day and 50-day exponential moving averages are both trending upward, with the index staying above them.
“As such, we anticipate the FBM KLCI to trend within the range of 1,650 to 1,670 for this week with immediate support at 1,650 followed by 1,630 and resistance at 1,670 followed by 1,700,” he said.
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