Daily Market Reports Issued By Rakuten Trade Research : Page 1

Wall Street closed on a positive note due to late buying activities after days of decline.
Buying interests were mostly centered on Nvidia whose earnings came in after the closing bell were better than expectations.
Meanwhile, the US 10-year yield inched higher at 4.414%.
Over in Hong Kong, the HSI managed to stay above water following positive comments from fund managers that Chinese equities are currently trading at bargain levels.
However, buying activities remained rather muted over expectations on Trump’s policy going forward.
Back home, the FBM KLCI ended below the psychological 1,600 level again as investors remain mostly sidelined.
Although we expect some window dressing activities to emerge and even if it occurs, the impact may be rather subdued as sentiment has turned cautious over the past month.
Therefore, we believe the local bourse will be stuck within a tight trading range of between 1,595-1,610 in the absence of any strong buying catalysts.

Wall Street closed mixed as overall sentiment was affected by the latest developments between Russian and Ukraine.
However, Nasdaq bucked the trend predominantly boosted by Nvidia ahead of its earnings results due later today.
Meanwhile, the US 10-year yield eased slightly to 4.396%.
In Hong Kong, the HSI trended higher albeit modestly as the outlook was boosted by China’s pledge to ramp up more support for the city’s financial market via more listings of Chinese companies, improve market access and issue of treasury bonds.
On the home front, the FBM KLCI closed in the red paring earlier gains attributed to late selling by foreign funds.
Nonetheless, we remain optimistic that bargain hunting activities will emerge thus expect the index to trend between the 1,600-1,610 range today.

Wall Street closed on a mixed note as sentiment remains jittery over the Federal Reserve’s path on interest rates.
Recently, Jerome Powell has cited that there is no hurry in adjusting interest rates amid prevailing solid economy and labour market.
Meanwhile, the US 10-year yield eased to 4.414%.
Over in Hong Kong, the HSI rebounded as Chinese regulator has urged Chinese companies with share price below their net value to perform better to boost value thus shifting interests towards the banks.
Nonetheless, overall market sentiment on the Hong Kong market remains shaky following the below par stimulus package announced recently.
Back home, the FBM KLCI managed to chart an impressive rebound although there is still a long way to go.
We believe such bargain hunting activities to continue ahead of earnings report from the heavyweights this week.
Thus, we expect the index to hover within the 1,600-1,610 range today.

Wall Street closed lower as experts are warning that the Trump-inspired rally may have dried up following the Republicans control of both the House and Senate would backfire and that sentiment may also have turned dangerously bullish.
Meanwhile, the US 10-year yield maintains its high level at 4.445% despite the recent 25bpscut.
Over in Hong Kong, the HSI ended flat following a choppy session as the latest Chinese Retail sales of 4.8% and slower decline in home prices were insufficient to raise traders’ spirit.
Back home, the FBM KLCI was surprisingly weak as it closed the week below the 1,600 mark signalling a potential long consolidation phase if it does not rebound immediately today.
Therefore, we expect some bargain hunting activities to emerge and the index to trend within the 1,595-1,605 range today.

Wall Street ended lower as the post-election rally sputters.
In addition to this, statement from the Fed that future rate cut may require more patience further illustrating that December’s cut may not happen.
Meanwhile, the US 10- year yield eased slightly to 4.447% though is still lofty.
As for Hong Kong, the HSI dipped by almost 390 points as the index hovers closer to the 19,000 threshold.
The sell-down continues as traders are concerned over the prospective tariff hikes from the US with both the tech and property sectors weakened.
Back home, the FBMKLCI was not spared either as the index hovers right at the 1,600 mark.
The selling of local stocks happened amid regional weakness indicating that foreign funds may be opting out of Asia for now.
We believe a swift rebound for the index to occur as levels below 1,600 should entice bargain hunters hence expect it to hover within the 1,600-1,610 range today.

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