Daily Market Report - 3 June 2026
- Wall Street closed higher with the S&P 500 notching another record high.
- This is despite the ongoing uncertainty with regards to the US-Iran negotiations.
- Meanwhile, crude oi price edged higher at USD96/barrel while the US 10-year yield was flat at 4.453%.
- Over in Hong Kong, the HSI closed above the 26,000 mark driven mainly by tech AI related stocks and the record breaking performance on Wall Street overnight.
- As for the local bourse, we believe bargain hunting activities to emerge sooner than later following a long break last week.
- As such, we expect the index to hover within the 1,680-1,700 range today.
