ug环球官网:Strong catalyst needed to give the FBM KLCI a push

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THE market appears to have found some support following the Federal Reserve’s (Fed) action to raise interest rates in the United States by 75 basis points (bps) on Wednesday.

The caution that surrounded equities just prior to the Fed meeting appears to have quickly dissipated with the bulls eagerly jumping in to buy up stocks following the highly publicised US rate hike event on Wednesday.

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