Blue chips snapped out of their early losses on Wednesday to take their cue from the firmer key Asian markets.
At 9.43am, the FBM KLCI was down 1.49 points or 0.09% to 1,688.43 – off the early low of 1,680. Turnover was 212.59 million shares valued at RM137.85mil. There were 203 gainers, 157 losers and 266 counters unchanged.
The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak US services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, extending its gains of 2.7% over the last two days.
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