bear market
KUALA LUMPUR: The FBM KLCI made a near-complete recovery from a sharp early-morning sell-off as investors regained some composure following news that Beijing's central bank set a stronger yuan fixing than expected.
Beijing set the yuan midpoint fixing at 6.9683 per dollar, which helped to soothe investor nerves after Washington labelled China a currency manipulator.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
![](https://cdn.thestar.com.my/Themes/img/sub_paywall_TSM.webp)
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!