KUALA LUMPUR (Oct 28): Malaysian shares and the ringgit may take the cue from US interest rate expectation as investors closely watch shares of FBM KLCI component Tenaga Nasional Bhd. The US Federal Reserve's Federal Open Market Committee will meet this Tuesday and wednesday (November 1 and 2) to decide on the nation's interest rate direction. US rate hikes do not bode well for Asian markets in anticipation that investors will shift their funds into US dollar-denominated assets. Tenaga proposed a dividend of 22 sen a share for the quarter in review. US shares fell overnight.

Source: The Edge Markets October 27, 2016 23:37 UTC