Daily Market Report (21 May 2019)
- We believe regional markets are set to remain volatile so long Trump maintains his “bullying: stance against China and the rest of the world. Recent developments on Huawei sets the tone for other Chinese companies which would create continuous uncertainties surrounding the 2 largest economies as US companies may also be impacted.
- As for the local bourse, we reckon prevailing consolidation to persists with the lack of catalysts. Psychological support is seen at the 1,600 mark for the FBM KLCI.
