Daily Market Report - 2 April 2026

Wall Street closed higher despite conflicting messages from both the US and Iran.

Nonetheless, Trump remains adamant that the war will end in 2 to 3 weeks’ time.

Meanwhile, the Brent crude eased to around USD101/barrel with the US 10-year yield inched higher to 4.323%. Boosted by the positive developments in the middle east along with Trump’s soothing statement that the ongoing tension will evaporate within the next 2 to 3 weeks.

Asian markets ended the day mostly in positive territory. In Hong Kong, the HSI jumped to almost the 25,300 mark supported by broad based buying.

Whilst the FBM KLCI closed at almost the 1,710 level attributed to the emergence bargain hunting following a dismal performance the day before.

Locally, we still noticed some apprehension despite the positive performance nonetheless expect a continuation of buying activities thus expect the index to trend between 1,705-1,720 range today.

Meanwhile, the CPO ended at a YTD high hovering at around the RM4,800/MT.