From Nasdaq: 2025-01-16 18:31:53

The Malaysia stock market has been on a downward trend, with the Kuala Lumpur Composite Index falling almost 50 points in four sessions. Global markets are soft, with oil and tech stocks leading the decline. On Thursday, the KLCI closed lower due to losses in plantations and telecoms, but financial shares were mixed. The Dow, NASDAQ, and S&P 500 all finished in the red on Wall Street. Oil prices dropped after Israel and Hamas agreed to a ceasefire. Malaysia will release Q4 GDP numbers today, following a 5.3% increase in the previous quarter.



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