Daily Market Report - 3 November 2025
- Wall Street ended positively spearheaded by Amazon after its stellar results coupled with the ongoing AI-related theme and how the investments will be made going forward.
- Meanwhile, the US 10-year yield climbed to 4.083% as the Federal Reserve hinted that further rate cut may not occur in December.
- Over in Hong Kong, the HSI fell to below the 26,000 level over China’s weak manufacturing data amid a deflationary trend.
- On the home front, the FBM KLCI closed negatively at below the 1,610 mark on persistent selling by foreign funds.
- Though market undercurrent remains cautious, we are adamant that bargain hunting should emerge anytime soon hence expect the index to hover within the 1,605-1,615 range today.
- Meanwhile, the MYR has strengthened to 4.19 against the greenback from 4.22 a week before.
