Daily Market Report - 2 December 2025
- Wall Street ended broadly lower as profit taking activities emerged after a decent run-up of late.
- Overall sentiment was also affected by the shrinking risk appetite as seen from the sharp fall in Bitcoin overnight.
- Meanwhile, the US 10-year yield edged higher at 4.09%.
- As for Hong Kong equities, the HSI recovered to close above the 26,000 thresholds spearhead mostly by tech heavyweights.
- Overall sentiment improved as traders remained confident of a Fed rate cut next month.
- On the home front, the FBM KLCI rebounded strongly to above the 1,620 level underpinned by a resurgent in stock accumulation.
- It was evident that yesterday’s buying has been centred on the index linked laggards.
- In view of the strengthening MYR, we should expect more net foreign fund inflows thus envisage the index to hover within the 1,620-1,630 range today.
