Market Reports

Daily Market Report - 21 November 2025
Daily Market Report - 21 November 2025
  • Wall Street tumbled as concerns over the lofty AI-related valuations returned.
  • Sentiment was further weakened by the better than expected job data for September, hence the less likelihood that the Fed will cut rate next month.
  • Meanwhile, the US 10-year yield eased to 4.086%.
  • Over in Hong Kong, the HSI ended on a flat note as traders decided to lock in profits during the afternoon session, after a strong opening attributed to Nvidia’s strong 3Q earnings and guidance allaying concerns of an inflated AI bubble.
  • Back home, the FBM KLCI succumbed to late selling activities as the index declined to just below the 1,620 level.
  • We suspect foreign funds being the net sellers judging by the aggressive sell-down late in the session.
  • Nonetheless, we are advocating for stock accumulation at current levels as funds may be looking ahead at 2026 figures for the latest revised valuation.
  • As such, we expect the index to trend between the 1,620-1,630 range today.
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Daily Market Report - 20 November 2025
Daily Market Report - 20 November 2025
  • Wall Stret halted its decline as traders are looking ahead of Nvidia’s earnings.
  • Results from the tech giant that came in after hours managed to top consensus expectations coupled with stronger sales guidance for the 4th quarter.
  • Meanwhile, the US 10-year yield inched marginally higher at 4.139%.
  • As for Hong Kong equities, the HSI closed lower but off day’s low as traders remained concern over the tech sell-down on Wall Street in addition to the Fed’s uncertain rate move in December.
  • On the home front, the FBM KLCI expectedly recovered after a 4-day decline to above the 1,620 mark.
  • Though foreign selling remains evident, we believe prevailing decent valuations of the local bourse should attract some stock accumulation going forward.
  • As such, we anticipate the index to hover between the 1,620-1,630 range today.
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Daily Market Report - 19 November 2025
Daily Market Report - 19 November 2025
  • Wall Street stumbled again as AI-related stretched valuations continue to weigh on sentiment.
  • Ongoing shrinking risk appetite saw the Nasdaq losing by more than 1,000 points over the past 5 trading days.
  • Meanwhile, all eyes will be on Nvidia’s earnings later today as the US 10-year yield remains elevated at 4.117%.
  • Over in Hong Kong, the HSI maintained its slump to end below the 26,000 level.
  • Sentiment was again spooked by the sell-off on Wall Street amid the lofty tech valuations coupled with the uncertainty on the Fed’s next move on interest rates.
  • Back home, the FBM KLCI fell to below the 1,615 mark amid a regional bloodbath.
  • Notwithstanding this, we remain adamant that bargain hunting activities should return if and when the index hangs below the 1,610 thresholds.
  • In view of this, we expect the index to trend within the 1,610-1,620 range today.
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Daily Market Report - 18 November 2025
Daily Market Report - 18 November 2025
  • Wall Street closed broadly lower as the selling on AIrelated stocks continues ahead of big name earnings namely Nvidia, tomorrow.
  • Meanwhile, expectations of a Fed rate cut in December are diminishing as the US 10-year yield stayed elevated at 4.139%.
  • In Hong Kong, the HSI declined as traders are concerned over the delayed release of the US economic data after the record breaking government shutdown coupled with the uncertainty over the Fed’s stance on interest rates.
  • Back home, the FBM KLCI managed to stay above water despite a strong morning session.
  • We suspect foreign funds may be locking in some profits reflecting their short term vision.
  • Nonetheless, we felt vindicated that most SEA markets have all performed positively attributed to their attractive valuations of which we have mentioned numerously.
  • For today, we expect the index to trend between the 1,625-1,635 range.
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Daily Market Report - 17 November 2025
Daily Market Report - 17 November 2025
  • Wall Street ended mixed as traders switched their position into tech related stocks after a massive sell-off that saw the Nasdaq losing more than 500 points over the past 3 days.
  • In addition, the prolonged government shutdown may have also prevented some crucial economic data from being released.
  • Meanwhile, the US 10-year yield inched higher at 4.15%.
  • Over in Hong Kong, the HSI skidded towards the 26,500 level as sentiment was affected by China’s weak economic data coupled with the fading hopes of a Fed rate cut in December.
  • Domestically, the FBM KLCI declined in line with the regional weaknesses.
  • However, we detected some mild buying support that helped lift the index off the day’s low.
  • As traders are now disenchanted by the high valuations on Wall Street, we believe Asia which still offers reasonable value proposition, may attract the flight of funds back into the region.
  • As such, we expect the index to hover within the 1,630-1,640 range today.
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