Daily Market Report - 4 August 2026
- Wall Street closed sharply higher as easing US-Iran tensions lifted market sentiment, driving oil prices and Treasury yields lower ahead of a busy week of corporate earnings and key economic data.
- The Dow gained 1.32%, while the S&P 500 surged 1.48%, and the NASDAQ jumped 2.13%. In HK, the HSI gained 0.48% and reclaimed the 26,000 level due to strong buying on Mainland Chinese stocks.
- Back home, the FBM KLCI rebounded into positive territory following late buying in selected heavyweight stocks.
- While the local market continues to receive support from selective bargain hunting, we maintain a cautious stance amid persistent uncertainties in global markets. As such, we expect the FBM KLCI to trade within the 1,720–1,730 range today.
