Market Reports

Daily Market Report -12 June 2026
Daily Market Report -12 June 2026
  • Wall Street staged a sharp rally boosted by tech stocks after Trump called off the scheduled strikes on Iran and said that a resolution will be signed over the few days.
  • As a result, crude oil prices dipped with the Brent crude now at USD90/barrel while the US 10-year yield eased to 4.459%.
  • Over in Hong Kong, the HSI slid to a YTD low, nearing the 24,000 level as selling pressure persisted.
  • Mounting fears in the middle east coupled with the leaking AI-related bubble had traders maintaining their risk-off mode.
  • Back home, the FBM KLCI gyrated within a narrow range to end flat. We noticed foreign funds have been net sellers over the past few days and is not
    relenting.
  • Nonetheless, we remain adamant that the local bourse is still well supported at prevailing levels. Buoyed by the sharp recovery on Wall Street, we
    anticipate the index to trend between the 1,675-1,695 range today.
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Daily Market Report - 11 June 2026
Daily Market Report - 11 June 2026
  • Wall Street closed sharply lower following Trump’s statement that Iran is taking long to negotiate and is threatening more action.
  • In addition, the sell-off on tech stocks continued. Meanwhile May’s CPI excluding food and energy came in lighter than expected but the
    headline figure, which include all prices, came in above 4% or a 3-year high. As such, the US 10-year yield edged higher at 4.554%.
  • As for Hong Kong, the HSI continues to decline as confidence remains suppressed by the persistent trashing of AI-related stocks coupled with the intensifying tension between the US and Iran over in the middle east.
  • On the home front, the FBM KLCI staged a minor recovery as it ended near the 1,680 mark in what has been a choppy week. As mentioned, we reckon the
    local bourse is rather well supported at prevailing levels thus may see some accumulation of stocks. As such, we expect the index to hover within the 1,675-1685 range today.
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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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