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.
