Daily Market Report - 3 April 2026
- Wall Street ended on a mixed note as traders are concerned over the protracted war in Iran. The lack of clarity also saw crude oil price remaining volatile with the Brent crude staying elevated at USD109/barrel.
- Meanwhile, the US 10-year yield dipped marginally to 4.309%.
- The US market will be closed for Good Friday today.
- Asian markets retreated following Trump’s more aggressive narratives that the US military operations may intensify in Iran over the next 2-3 weeks, eroding hopes of a de-escalation in tension.
- As a result, the Brent crude jumped towards the USD110/barrel, instigating another widespread selling across Asia.
- In Hong Kong, the HSI dipped to below the 25,000 level before recovering to close to just above the 25,100 mark.
- Back home, the FBM KLCI ended at below the 1,700 thresholds as market undertone remains cautious.
- Though the market is ripe for accumulation at this range, traders preferred to remain side-lined until more clarity emerges.
- For today, we anticipate the index to trend within the 1,690-1,705 range.
