Daily Market Report - 18 September 2025
- Wall Street ended mixed as traders decided to lock in some profits following the highly anticipated Federal Reserve’s 25bps rate cut plus 2 more adjustments by year end.
- Meanwhile, the US 10-year yield inched higher at 4.087%.
- Over in Hong Kong, the HSI surged to a 4-year high at almost the 27,000 mark predominantly led by technology stocks.
- Overall sentiment was boosted by the growing confidence in China’s AI capabilities hence pushing the Hang Seng Tech index up by 4%.
- Back home, the FBM KLCI jumped past the 1,610 level underpinned by persistent buying on blue chips.
- We noticed foreign funds have turned into net buyers which is positive news for the local bourse.
- As such, we expect the index to trend between the 1,610-1,625 range today.
- Meanwhile, the MYR has strengthened against the USD at 4.18 or almost a 1-year high.
