Daily Market Report (7 Feb 2020)
- News of China cutting tariffs on $75bn US goods and Trump’s impeachment acquittal send US markets to record high.
- Furthermore, the positive news on the coronavirus patients’ recovery rate improved sentiments, nonetheless total numbers continue to rise.
- Regional markets in Asia are expected to take cue from bullish US markets and move higher today.
- Locally, we expect to see continued bargain hunting and news on potential economic stimulus package in the making will further support the recovery of FBM KLCI.
- We remain positive on the tech related stocks such as UWC, Dufu, Notion, JCY, Mi Technovation, Inari (our technical pick today).
