Daily Market Report - 27 August 2025
- Wall Street closed firmer as traders prefer to ignore Trump’s removal of Federal Reserve Governor Lisa Cook, instead focusing on earnings from Nvidia later today.
- Meanwhile, the US 10-year yield inched higher at 4.265%.
- Over in Hong Kong, the HSI declined as profit taking activities emerged as worries over the pace of the US rate cut along with the China-US trade negotiations resurfaced.
- Back home, the FBM KLCI faced with mounting selling pressure slid to just above the 1,580 threshold.
- The sell-down was rather drastic amid a regional sell-off as illustrated by the spike in daily trading volume to above the 4bn level.
- Whilst we are hoping for an immediate rebound, we believe yesterday’s aggressive selling may have dented the underlying confidence somewhat thus expect the index to hover within the 1,580-1,590 range today.
