Daily Market Report - 6 June 2025
Daily Market Report - 6 June 2025

Daily Market Report - 6 June 2025

  • Wall Street ended lower as sentiment was affected by the ongoing spat between Trump and Elon Musk.
  • Meanwhile, all eyes were also on Xi-Trump’s phone call which was deem very good by Trump and that a meeting between the 2 may be held soon.
  • On the flipside, the latest job data is showing a slowing labour market as the US 10-year yield edged slightly higher at 4.391%.
  • Over in Hong Kong, the HSI continues to climb to almost the 24,000 level as sentiment was boosted by the China’s PMI (purchasing managers’ index) for May that beat consensus allaying fears of an economic slowdown.
  • On the home front, the FBM KLCI sprinted to almost the 1,520 mark possibly due to more aggressive stock accumulation by the local institutions.
  • We were indeed surprised by this sudden strong buying interest after a lackluster display over the past month.
  • For today, we expect the index to hover within the 1,515-1,530 range
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