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Malaysia’s stock market edged down Friday, ending October down 1.3% year-to-date.
Malaysia's stock market closed slightly lower on Friday, ending the month down 1.3% year-to-date, underperforming regional peers despite a stabilizing currency and slowing foreign outflows.
The KLCI dipped 0.32% to 1,607.18, pressured by financial and industrial stocks, though gains in IHH Healthcare and IOI Corporation offered some support.
Markets are expected to rebound Tuesday following strong U.S. and European performance, driven by tech stocks and optimism over potential tariff reductions.
Apple surged 3.9% on a positive upgrade, boosting Wall Street, while U.S. housing data showed unexpected strength.
Globally, the Stratus COVID variant is spreading, but vaccines remain effective, and the FDA approved Rybelsus for heart risk reduction in diabetes patients.
El mercado bursátil de Malasia bajó el viernes, terminando octubre con un descenso del 1,3% en lo que va del año.