Daily Market Report - 3 July 2025
Daily Market Report - 3 July 2025

Daily Market Report - 3 July 2025

  • Wall Street closed on a mixed note as traders awaits for June’s big job report.
  • Nonetheless, funds rotated back to tech stocks as the Nasdaq ended on a record high.
  • Meanwhile, the US 10-year yield inched higher at 4.283%.
  • In Hong Kong, the HSI closed positively despite the weakness amongst the tech stocks.
  • Funds from mainland China continue to plough into Hong Kong underpinned by optimism on growth in China.
  • Back home, the FBM KLCI continued with its impressive performance as it ended above the 1,550 level.
  • Again, we attributed this to buying from foreign funds that have turned net buyers over the past few days.
  • Today, we expect the index to trend between the 1,545-1,555 range.
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