Daily Market Report - 25 June 2025
- Wall Street closed higher while crude oil plummeted as traders are betting that the delicate ceasefire between Israel and Iran will hold.
- Meanwhile, the US 10-year yield eased to 4.296% in view of a possible rate cut in July.
- In Hong Kong, the HSI continued with its climb to close above the 24,000 level despite the ongoing uncertainty in the middle east, still overhanging overall trading activities.
- Notwithstanding this, traders are seeing an influx of foreign funds back to Hong Kong thus most are positive on the market for now.
- Back home, the FBMKLCI ended slightly lower amid a lacklustre session. It remains apparent that the local bourse is still lacking the desired liquidity with the absence of foreign and retail participants.
- Nonetheless, we are hopeful that the flight of foreign funds back to Asia is happening especially into Hong Kong hence expect some spillover effect anytime soon. For today, we expect the index to hover within the 1,510-1,530 range.