Daily Market Report - 29 September 2025
- Wall Street closed broadly higher as sentiment was boosted by the latest personal consumption expenditure (PCE) price index, that came in within expectations ensuring that the Federal Reserve will stick to its easing policy.
- Meanwhile, the US 10-year yield inched higher at 4.174%.
- Over in Hong Kong, the HSI continued to slide to close just above the 26,000 level as traders are becoming wary of its valuations amid the latest bouts of Trump’s tariffs.
- On the home front, the FBM KLCI surprisingly closed on a strong note, attributed to late buying activities.
- We believe buying activities should persist as more foreign funds are looking for value propositions thus expecting the index to trend within the 1,605-1,615 range today.
- It is worthwhile noting that gold price has hit another record high and ready to test USD3,800/oz.
