KUALA LUMPUR: The FBM KLCI slumped in morning trade as investors took to the sidelines ahead of the Jackson Hole meet where US Fed chair Jerome Powell is expected to signal a hawkish stance on interest rates.
At 12.30pm, the key index was down 11.01 points to 1,471.56. The market breadth was negative with 479 decliners compared with 274 gainers.
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