Daily Market Report - 4 August 2025
- Wall Street closed broadly lower as fears of a weakening economy and the effects from Trump’s tariff war heightened.
- Meanwhile, July’s job data came in lower than expected with sharp downward revision for June and May figures, illustrating an even dismal job market hence the US 10-year yield slipped to 4.216%.
- Over in Hong Kong, the HSI dipped to almost a month low as sentiment became jittery over corporate earnings and the ongoing tariff negotiations between China and the US.
- Back home, the FBM KLCI rebounded with vengeance to above the 1,530 mark following a revised lower US tariff on Malaysia with both semiconductor and pharmaceutical products being exempted.
- In view of the prevailing uncertainty, we expect the index to hover within the 1,525-1,535 range today.
