Daily Market Report - 27 February 2026
- Wall Street closed on a mixed note as the fragile sentiment on AI related stocks remains highly sensitive which saw the sell-down on both Nvidia and Salesforce despite registering better-than-expected results.
- Meanwhile, the US 10-year yield fell to 4.01%.
- As for Hong Kong equities, the HSI declined as traders decided to lock in profits whilst Nvidia’s latest earnings failed to rekindle any excitement to sustain the AI momentum.
- Back home, the FBM KLCI continued to trend lower as profit taking activities continued especially on the Banks after a recent good run-up.
- Meanwhile, we believe recent highlights by S&P Global Ratings on Indonesia’s fiscal position may have certain implications on regional bourses.
- Despite this, we reckon further downside would present an excellent bargain hunting opportunity, particularly if the index closes in on the 1,730 level.
- As for today, we expect the index to hover within the 1,735-1,745 range.
