Daily Market Report (25 June 2021)
- U.S. equities ended higher overnight as the progress on a US$559bn federal infrastructure spending deal appeared to boost market sentiment.
- Nasdaq Composite Index (+0.69%) and S&P 500 Index (+0.58%) both notched record highs at 14,369.7 and 4,266.5 respectively.
- Moving to Asia, we expect the regional market to mirror U.S. market’s positive development last night.
- On local front, following a few sessions of selling pressure, we expect some bargain hunting activities to emerge today with support level seen at 1,550 and resistance at 1,567 level.
