Daily Market Report - 15 Apr 2025
- Wall Street rebounded amid a choppy session following the latest tariff exemption on tech components and certain devices that spurred the rally of tech stocks.
- Nonetheless in order to soothe his ego, Trump said that this is only temporary.
- Meanwhile, the US 10-year yield eased to 4.384%.
- Over in Hong Kong, the HSI jumped the highest in 4 weeks to close above the 21,000 level as sentiment was buoyed by news that the US is suspending tariffs on certain electronics namely personal computers, smartphones and memory chips for the time being.
- As such, the electronic segment led the broader market gains.
- On the home front, the FBM KLCI also performed better than anticipated, in line with the tariff suspension as the index ended at the 1,480 mark.
- As signs are showing that Trump may be lessening his tariff grip, we believe market undertone may be improving somewhat thus expect the index to hover between the 1,480-1,500 range today.
