Daily Market Report - 31 October 2025
- Wall Street ended lower due to disappointment in corporate earnings.
- The Dow slipped 0.23% to 47,522.12 while the S&P50 declined almost 1% to 6,822.34.
- The Nasdaq dived 1.57% to 23,581.14.
- Hong Kong market finished lower after a strong opening as investors cashed in profit during late trading hours.
- This led HSI to fall 0.24% to 26,282.69.
- Back home, the FBM KLCI closed marginally higher due to late buying on selected heavyweights.
- With the US and China finally reaching a trade deal, market sentiment is improving, supported by hopes of a more accommodative stance from the Federal Reserve.
- Hence, we anticipate an upward shift, driven by buying interest due to attractive valuations and stronger market turnover.
- We anticipate the benchmark index to range between 1,610 and 1,620 today.