Daily Market Report - 18 August 2025
- Wall Street ended mixed as traders opted to lock in profits after a decent run-up on a weekly basis amid a dip in US consumer sentiment for August affected by concerns on inflation.
- Meanwhile, the US 10-year yield edged higher at 4.322%.
- Over in Hong Kong, the HSI declined on the back of weaker economic data from China.
- July’s industrial production from China posted a 5.7% gain while its retail sales increased by 3.7% which were below consensus forecast of 6.8% and 4.6% respectively.
- Back home, the FBM KLCI closed lower amid some profit taking activities.
- Though the index is still 20 points higher on a weekly basis, it is still disappointing that the index failed to test the 1,600 level.
- We believe sentiment may have turned cautious for the time being hence foresee the index to trend between the 1,570-1,580 range today.
