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KLCI to remain lacklustre as profit taking persists

KLCI to remain lacklustre as profit taking persists

KUALA LUMPUR (June 14): The FBM KLCI is expected to remain lacklustre today, as market sentiment could stay tepid with sellers dominating trade despite the firmer overnight close at most global bourses.

World stock markets rose on Tuesday as technology shares recovered from a recent sell-off while short-dated U.S. bond yields briefly hit multi-week highs ahead of an anticipated interest rate increase from the Federal Reserve, according to Reuters.

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