KUALA LUMPUR (Sept 27): The FBM KLCI lost 1.35 points or 0.1% as foreign selling of Malaysian stocks continued on expectation of U.S. interest rate hikes. U.S. interest rate hikes do not bode well for Asian markets, in anticipation investors will shift their money into US dollar-based assets. We will see how bad it gets, my guess is foreign selling will not slow down anytime soon,” Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com. Sapura Energy reported today, a 74% drop in its second quarter net profit at RM28.93 million from a year earlier. Sapura Energy shares fell 10 sen to RM1.61, with some 45 million units traded.

Source: The Edge Markets September 27, 2017 10:30 UTC