Daily Market Report - 22 October 2025
- Wall Street ended mixed as the DJIA touched a record high spearheaded by solid earnings from multinationals namely Coca-Cola and 3M.
- Overall mood was also buoyed by the higher guidance from General Motors after its earnings topped estimates.
- Meanwhile, the US 10-year yield dipped marginally to 3.963%.
- Over in Hong Kong, the HSI closed above the 26,000 level but off the day’s high as caution subsequently crept in.
- However, overall sentiment remains positive underpinned by expectations of easing tension between China and the US when both superpowers meet over the next few days.
- On the home front, the FBM KLCI expectedly rebounded to above the 1,615 mark attributed to bargain hunting activities.
- We believe local institutions remained as the main buyers amid an improving domestic economy.
- As such, we anticipate the index to trend within the 1,615-1,625 range today.
