Daily Market Report - 2 July 2025
- Wall Street ended mixed as traders rotated out of tech companies.
- Trump’s big beautiful was narrowly passed in the Senate but still subject to the House approval.
- Meanwhile, the US 10-year yield edged slightly higher at 4.242%.
- Hong Kong market was closed yesterday and will resume trading today.
- On the domestic front, the FBM KLCI closed higher as we reckon this is due to some accumulation from the foreign funds.
- It is interesting to see that net foreign inflows have already taken place over the past few days.
- Therefore, we expect the index to hover between the 1,540-1,550 range today.
