Market Reports

Daily Market Report - 10 June 2026
Daily Market Report - 10 June 2026
  • Wall Street closed on a mixed note as both the S&P500 and Nasdaq failed to sustain their rebound respectively.
  • Sentiment remains cautious despite the easing crude oil prices of which the Brent crude has dipped to around the USD91/barrel.
  • Meanwhile, the US 10-year yield eased marginally at 4.52%.
  • Over in Hong Kong, the HSI weakened for the 5th consecutive day as sentiment remained cautious.
  • In a latest development, the US has blacklisted several Chinese companies that include both Tencent and Wuxi AppTec over alleged military links.
  • Back home, the FBM KLCI ended lower as selling persisted. Nonetheless, we noticed that the broad market is rather well supported at current levels though the index remained stuck in a correction phase.
  • Thus, in the absence of any clear catalysts, we expect the index to oscillate within a narrow range of between 1,670-1,680 range today.
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Daily Market Report - 9 June 2026
Daily Market Report - 9 June 2026
  • Wall Street ended mixed as tech related stocks staged a rebound with both the S&P500 and Nasdaq performed positively.
  • However, the situation in the middle east remains tense as both Iran and Israel continued with their strikes.
  • Meanwhile, the US 10-year yield inched higher at 4.568%.
  • Mirroring the overnight sell-down on Wall Street coupled with the escalating tension in the middle east, regional markets were all in the red.
  • In Hong Kong, the HSI closed below the 25,000 mark or about a 2-month low as stocks related to AI bore the brunt of the sell-down.
  • As for the local bourse, the FBM KLCI was not spared as it ended below the 1,680 mark.
  • Selling was broad based amid a rather muted trading session as depicted by the low trading volume of around 3.5bn shares.
  • We believe Monday’s event may have turned on the risk-off button hence expect a consolidation to emerge.
  • For today, we expect the index to trend between the 1,675-1,690 range.
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Daily Market Report
Daily Market Report
  • Wall Street ended sharply lower, predominantly led by the declines amongst the semiconductors and AI related stocks, attributed to a hotter than expected job report which may delay any expectations of a rate cut going forward.
  • As a result, the US 10-year yield edged higher to 4.532%. Over in Hong Kong, the HSI declined to below the 26,000 mark amid a global tech stocks rout coupled with the erratic developments over in the middle east.
  • Back home, the FBM KLCI finally broke out from its brief correction to close above the 1,690 level. Hopefully such bargain hunting activities can sustain amid a fragile global climate.
  • Despite the uncertainties in the middle east, crude oil prices eased with the Brent crude down to around USD93/barrel.
  • For today, we anticipate the index to hover within the 1,690-1,700 range.
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Daily Market Report - 5 June 2026
Daily Market Report - 5 June 2026
  • Wall Street closed on a mixed note with the DJIA rallied to another new high as traders are rotating out of tech stocks to non-tech stocks.
  • Overall sentiment remains cautious over the escalating tension in the middle east. Meanwhile, the US 10-year yield dipped lower to 4.475%.
  • As for Hong Kong, the HSI maintained its sharp decline as traders became risk-averse from the heightening tension in the middle east coupled with the softening outlook in the AI-related tech segment.
  • On the home front, the FBM KLCI finally snapped its week long downtrend, as it closed above the 1,680 mark attributed to broad based bargain hunting activities.
  • We viewed the recent sell-down by foreign funds may be attributed to some Yen carry trades and yesterday’s rebound illustrates a possible tail-end for such activities.
  • As such, we expect the index to trend between the 1,680-1,695 range today.
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Daily Market Report - 4 June 2026
Daily Market Report - 4 June 2026
  • Wall Street closed sharply lower as the tension in the middle east escalated with the latest strikes on Kuwait International Airport by Iran.
  • As a result, Brent crude edged higher at almost the USD98/barrel level while the US 10-year yield inched higher to 4.493%.
  • Over in Hong Kong, the HSI retreated to below the 26,000 mark as profit taking activities intensified especially on tech related stocks.
  • Traders have turned cautious as the tension between the US and Iran escalated with no clear resolution in sight.
  • Back home, the FBM KLCI remained firmly in a consolidation mode as the index ended weaker, paring all gains during the early session.
  • Therefore, with the index now at around the 1,670 level, we believe the local bourse is poised for a rebound anytime soon.
  • As such, we anticipate the index to hover between the 1,670-1,685 range today.
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