Daily Market Report - 30 September 2025
- Wall Street ended higher as sentiment improved on AI related stocks after some concerns over the AI build up.
- Traders are also looking at a potential government shutdown this Wednesday that could instigate a mass firing of federal workers.
- Meanwhile, the US 10-year yield inched lower at 4.141%.
- Over in Hong Kong, the HSI rebounded as traders bought up shares of car makers, solar energy firms and metal producers amid signs that Beijing crackdown om price wars are bearing fruits.
- Meanwhile sentiment was further boosted by the People’s Bank of China (PBOC) pledge to step up easing policy to support growth.
- Back home, the FBM KLCI closed marginally higher on muted buying activities.
- Foreign funds may have turned into net sellers after signs of encouraging net foreign inflows a few weeks ago.
- For today, we expect the index to hover within the 1,605-1,615 range. Finally, gold price hit another record high topping above the USD3,800/oz.
