Daily Market Report - 30 June 2025
Daily Market Report - 30 June 2025

Daily Market Report - 30 June 2025

  • Wall Street closed broadly higher as sentiment was boosted by the US-China trade talk whereby an agreement may have been reached whereby many ignored the PCE (personal consumption expenditure) inflation rate that came in at 2.7% beating forecast of 2.6%.
  • As such, the US 10-year yield inched higher to 4.275%.
  • Over in Hong Kong, the HSI fell slightly amid some profit taking acting activities after a decent 950 points rally over the last 5 days.
  • Back home, the FBM KLCI displayed another positive performance as the index closed almost at the 1,530 level.
  • We believe local institutions continue to prop up the market and expect foreign funds to trickle in with the solid performance on Wall Street.
  • As such, we expect the index to hover within the 1.530-1,540 range today.
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