Investors advised to stay invested after global rout
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Investors were unsettled by a global equity sell-off on August 12, 2024, with the Nikkei 225 dropping 12.4% due to the unwinding of Japanese yen carry trades and US growth concerns; the FBM KLCI fell 4.6% to 1,536.48 points, its worst day since March 2020, but recovered to 1,590.38 points by August 15, 2024; analysts recommend staying invested, citing potential in tech and blue-chip stocks; US GDP grew 2.8% in Q2 2024, but weak employment data raises recession fears; Bank of Japan's Kazuo Ueda defends rate hikes; expectations for US rate cuts next month; MIDF Research sets FBM KLCI year-end target at 1,750; foreign investors net bought RM299.6m in Malaysian equities last week.

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https://theedgemalaysia.com/node/722594