Daily Market Report - 14 Apr 2025
- Wall Street capped a wild week by closing positively following comments from the White House that Trump is optimistic that China will seek a deal with the US.
- In view of the heightening risk in the US, the 10-year yield continues to spike up, touching almost the 4.50% mark.
- As for Hong Kong equities, the HSI managed to close positively at almost the 21,000 level mainly due to buying support from domestic funds.
- However, market undertone remains cautious amid the ongoing trade war between the two economic giants after China slapped the US with a 125% tariff.
- Back home, the FBM KLCI ended lower as the emergence of sellers was quite apparent in line with the weak regional performance.
- Overall, investors remained edgy over the potential impact after the 90 day tariff pause thus, we can expect another volatile day ahead.
- Nonetheless, this is good for the market’s trading velocity which improved recently.
- Thus, we expect the index to trend between the 1,440-1,460 range today.
