28 July 2025
Daily Market Report - 28 July 2025
- Wall Street closed broadly firmer underscored by solid earnings results and positive trade developments as Trump indicated that more deals may be done before the Aug. 1 deadline.
- Meanwhile, the US 10-year yield eased slightly to 4.386% ahead of the FOMC meeting next week.
- Over in Hong Kong, the HSI retreated amid some profit taking activities after a solid 5-day uptrend.
- Back home, the FBM KLCI fell to below the 1,535 level as recent buying support may have dried up temporarily.
- We believe the market may be taking a breather and is set to resume its climb in due course.
- As such, we expect the index to hover within the 1,530-1,540 range today.
