Daily Market Report - 14 Mar 2025
- Wall Street tumbled as Trump intensified his “tariff bullets” towards the EU this time round. This adds to more uncertainties and unpredictability which led traders to offload US shares in view of the potential impacts on the US economy.
- Meanwhile, the US 10-year yield eased to 4.27%.
- In Hong Kong, the HSI continues to slide on concerns over Trump’s indecisive tariff policies and the impact on global economy amid the escalating trade war between the US and its allies.
- As such, the index closed at just below the 23,500 level.
- Back home, the FBM KLCI rebounded from the trading turmoil the day before to end above the 1,510 mark.
- Looking ahead, we believe market undertone to remain cautious as fund managers with their risk-off attitude would prefer to stay side-lined at the moment.
- Nonetheless at current levels, we would advocate investors to accumulate blue chips thus expect the index to hover within the 1,500-1,520 range today.
