Daily Market Report (22 Apr 2020)
Wed, Apr 22, 2020 8:40 AM
- There is no place to hide as almost all asset classes are being affected by the chaotic situation from both Covid-19 and crude oil prices alike.
- Therefore, we would expect market correction to continue today as displayed by the broad base decline on Wall Street overnight.
- The 630 points drop by the DJI Average should put some pressure on regional markets. On the local front, the FBM KLCI should see selling to persist today with the 1,370 as the immediate support level.
