Daily Market Report (06 May 2019)
Trump is at it again threatening to double tariffs on US$200bn of Chinese goods plus new import taxes. Such moves will again derail the stability of both the equity and treasury markets as we expect some knee jerk reactions to such developments.
- We can expect some weaknesses on the local bourse couple with lower Ringgit against the US$.
- We advise investors to accumulate on Blue Chips if and when the FBM KLCI dips below the 1,620 level.
