Daily Market Report - 28 October 2025
- It was another record breaking day on Wall Street as all 3 major indices ended at new highs after both the US and China reached a preliminary framework deal that would clinch a trade agreement between Trump and Xi Jinping over the next few days.
- Meanwhile, the 10-year yield eased to 3.987%.
- Over in Hong Kong, the HSI maintained its climb as it closed in on the 26,500 mark underscored by positive developments in Kuala Lumpur, raising hopes for further stabilization ahead.
- Back home, the FBM KLCI ended positively but failed to stay above the 1,620 level.
- It is interesting to note that there were net foreign inflows over the past two trading days possibly taking advantage of the strengthening MYR against the US$ ahead of the Federal Reserve’s imminent rate cut.
- As such, we expect the index to trend between the1,615-1,630 range today.
