Daily Market Report - 6 November 2025
- Wall Street rebounded as the Supreme Court may impact the legality of Trump’s sweeping tariffs.
- Meanwhile, AMD’s strong earnings lifted interests back on AI-related stocks while the latest payroll data indicates that the US labour market remains resilient thus pushing the US 10-year yield higher at 4.161%.
- Over in Hong Kong, the HSI ended marginally lower but off the day’s low, as traders remained cautious over the lofty valuations of AI-related counters as illustrated by its US counterparts.
- In addition, it is now uncertain if the Federal Reserve will cut rates next month.
- Back home, the FBM KLCI closed flat attributed to late buying activities.
- Meanwhile, there has been a flurry of activities within the small cap space following a few high profile share price declines of late.
- As a result, we noticed that the daily volume has surged to 4.8bn shares.
- For today, we expect the index to trend within the 1,620-1,630 range.
