KUALA LUMPUR: Bursa Malaysia's 30-stock index closed lower as stronger-than-expected US inflation reinforced expectations of a higher-for-longer Federal Reserve policy stance, prompting investors to reassess global risk exposure.

The key index dropped more than 8 points to 1,595.

The ringgit strengthened against the greenback at 4.0730.

In the crypto exchange, Bitcoin dropped to RM301,821.

Ethereum slipped to RM8,415, and Solana tumbled to RM339.

That's it for Market Pulse.