Daily Market Report - 12 September 2025
- Wall Street closed broadly higher as all 3 major indices set record highs despite a hotter CPI figure for August on a monthly basis.
- Nonetheless, traders remain confident that the Fed will cut rates next week after the weekly jobless claims saw a surprise jump.
- Meanwhile, the US 10- year yield eased to 4.026%.
- Over in Hong Kong, the HSI declined amid news that Trump may decide to impose fresh tariffs on medicine exports from China resulting in a hammering amongst the pharmaceutical companies.
- On a positive note, according to Morgan Stanley, US investors are increasingly interested in Chinese stocks.
- Back home, the FBM KLCI took a breather and slipped to almost the 1,580 level following a bright start to the week.
- Hopefully we will see an immediate rebound tomorrow as the local bourse remains one of the underperformers in the region.
- However in view of another extended long weekend, we expect the index to hover between the 1,575-1,585 range today.
