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KUALA LUMPUR (July 23): The FBM KLCI slid lower this morning, tracking regional markets, weighed by selected blue chips.
At 9:10, the FBM KLCI plunged 1.04 points to 1,753.63.
The First Losers Kuala Lumpur Kepong Bhd, UMW Bhd Holdings, Kawan Food Bhd, Bhd IOI Corp., Iskandar Waterfront Bhd City, Petronas Chemicals Group Bhd and Maxis Bhd
The Dollar Down Monday Against Major Currencies at Its Most low in more than two weeks After US President Donald Trump criticized the Federal Reserve's tightening policy, shares feared new protectionist measures, according to Reuters
Trump on Friday lamented the recent strength of the US dollar and accused the European Union and China. According to forecasts by JF Apex Securities Research, US markets stagnated on Friday as strong corporate earnings dampened President Trump's comments on the trade war.
He said that earlier European stocks fell after Trump said that the US was ready to impose tariffs on Chinese products of $ 505 billion
"In the local market, the FBM KLCI lost 4.57 points to 1754.67 points Investors took advantage of the recent rally
"Following the uncertainty of the trade war, the FBM KLCI could float sideways and consolidate around the 1750 level. points, "he said.
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