Muted KL market seen for rest of this year
Fed driven: Tan says the local market and the rest of the world are dependent on the US monetary policy.
PETALING JAYA: Fund manager Tan Teng Boo believes that the FBM KLCI will stay muted for the rest of the year due to the lack of a clear direction on the future interest rate hike by the US Federal Reserve.
“Our market and the rest of the world are highly dependent on the US monetary policy.
“I am concerned with the overall market outlook, aside from China, due to the monetary policy in the US that has been in the near zero interest rate environment for more than eight years,” said Tan, the founder and managing director of iCapital.biz Bhd.
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