Daily Market Report - 19 August 2025
- Wall Street closed flat as traders were mostly sidelined, looking ahead at Jerome Powell’s speech during the Fed’s Jackson Hole summit later this week.
- Meanwhile, the US 10-year yield inched higher at 4.335%.
- Over in Hong Kong, the HSI reversed earlier gains to close in negative territory as sentiment became cautious on Hong Kong’s property debt repayment and that Trump will unveil more tariffs on semiconductors over the next few weeks.
- Back home, the FBM KLCI surprisingly ended in a strong note as it climbed to the 1,585 mark.
- Following a couple days of consolidation, the index seems to have found its footing again.
- Meanwhile, we noticed the CPO price is ascending nicely to above the RM4,500/tonne as demand from India escalates.
- Whether this is sustainable remains to be seen.
- For today, we expect the index to hover between the 1,580-1,590 range.
