FBM KLCI opens lower as Fed minutes signal hawkish mood

KUALA LUMPUR: The FBM KLCI could be pulling back to the 1,600 psychological support this week as a hawkish tone set by US Federal Reserve officials in the latest meeting minutes accelerate profit-taking activities.

At 9am, the key index fell 1.43 points to 1,620.66, tracking the weaker performance in the US…