Daily Market Report - 27 March 2026
- Wall Street closed sharply lower as expectations of a ceasefire between the U.S. and Iran diminished.
- Brent crude oil rose to USD107/barrel. The Dow lost 1.01%, to end at 45,960.11. The S&P 500 slumped 1.74% to close at 6,477.16, while the Nasdaq dived 2.38% to end at 21,408.08.
- Asian equities retreated as selling pressure in technology stocks resurfaced, with investors adopting a defensive stance amid persistent geopolitical tensions in the Middle East.
- The HSI slid 480 points to fall below the 25,000 level, underscoring the cautious regional mood.
- On the domestic front, the FBM KLCI edged lower as investors stayed on the sidelines in tandem with the weak performance of regional bourses.
- Despite this, the index remains well supported above 1,710. For today, the benchmark is likely to remain range-bound between 1,710 and 1,730.
