Daily Market Report - 19 September 2025
- Wall Street closed broadly higher with the S&P 500 notching to a record high after the Fed’s easing policy to revive economic growth rather than fighting inflation.
- Meanwhile, the US 10-year yield edged higher at 4.11% following a lower weekly jobless claims.
- As for Hong Kong equities, the HSI declined as traders turned cautious that the Federal Reserve may not be as aggressive in cutting rates as initially perceived.
- On the domestic front, the FBM KLCI dipped to below the 1,600 level amid some profit taking activities.
- We were indeed surprised by the sell-down as we expect the local bourse to be rather well supported.
- Nonetheless, we believe this as a brief correction and that bargain hunters will be back anytime soon.
- As such, we anticipate the index to trend within the 1,600-1,610 range today.
