Daily Market Report - 22 September 2025
- Wall Street ended at record high as sentiment was buoyed by the purported phone call between Trump and Xi plus the Federal Reserve’s easing policy last week.
- Despite the rate cut, the US 10-year yield edged higher at 4.133%.
- Over in Hong Kong, the HSI closed flat amid a choppy session as traders are waiting for the outcome from the call between Trump and Xi.
- Back home, the FBM KLCI closed flat following some muted bargain hunting activities.
- The benchmark index tried to break the 1,600 mark on several occasions but failed as this level remains as a formidable resistance.
- Nonetheless, we believe the index still has the legs to climb higher thus expect it to hover between the 1,600-1,610 range today.
