KUALA LUMPUR (Sept 15): Crude oil's overnight 3% drop and US interest rate speculation may continue to dictate Malaysian stocks and the ringgit today. Cheaper crude oil may direct the spotlight on shares of oil and gas-related companies, which offer support services to the sector. The ringgit may also take the cue from crude oil prices as the commodity forms a important component of the Malaysian economy. As crude oil takes centre stage, US interest rate speculation could also take a share of the spotlight ahead of the US Federal Reserve's Federal Open Market Committee meeting this Tuesday and Wednesday (September 20 and 21). Reuters reported that Wall Street edged lower on Wednesday as investors stewed about future interest rate hikes and cheaper oil dragged down energy shares, although Apple surged to its highest level this year.

Source: The Edge Markets September 15, 2016 00:22 UTC