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Kuala Lumpur: Bursa Malaysia’s benchmark index opened lower on Monday, tracking Wall Street’s losses as markets anticipated a further slowdown in the US Federal Reserve’s interest rate easing cycle.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.71 points to 1,596.70, compared with Friday’s close of 1,602.41.

The index opened 3.45 points lower at 1,598.96.

Across the broader market, decliners outpaced advancers 293 to 75, with 275 counters unchanged, 1,726 untraded, and 19 suspended.

Turnover was 195.46 million shares, valued at RM76.91 million.

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