KUALA LUMPUR: News on stock, crypto and ringgit moves.

Bursa Malaysia opened slightly higher but quickly retreated, as investors reacted to the US Federal Reserve's shift towards boosting growth rather than tackling inflation.

The FBM KLCI fell below the 1,600 level yesterday due to profit-taking activities.

The decline is seen as a temporary correction, as the market is expected to remain supported with bargain-hunting interest.

The index is projected to move within the 1,600 to 1,610 range today.

In the crypto market, Bitcoin rose to 493,435 ringgit.

Ethereum rose to 19,408 ringgit, while Solana was up at 1,041 ringgit.

That's it for Market Pulse.