Macro EconomyMedium•11 November 2026•
1 min read
Malaysia's FBM KLCI Dips Below 1,600 Level on Hot US Inflation Data
Key Facts
1Malaysia's FBM KLCI fell 4.73 points to 1,599.43 in early morning trade.
2Heavyweight banks including Maybank, CIMB, and Public Bank saw declines in their share prices.
Malaysia's FBM KLCI fell 4.73 points to 1,599.43 in early morning trade. The Star reported that heavyweight banks including Maybank, CIMB, and Public Bank saw declines in their share prices as investors moved to the sidelines following higher-than-expected US inflation data.
Data released on November 10, 2026, showed the US monthly inflation rate at 0.4%, exceeding the 0.3% forecast, while the Super Core CPI rose 0.44% month-on-month. This macro environment pressured regional sentiment, with Hong Leong Bank dropping 16 sen to RM21.82 and Maybank falling six sen to RM10 as markets reacted to the diminished likelihood of aggressive interest rate cuts.