Daily Market Report - 7 January 2026
Daily Market Report - 7 January 2026

Daily Market Report - 7 January 2026

Wed, Jan 7, 2026 7:37 AM
  • Wall Street closed broadly higher as both the S&P 500 and DJIA notched record high levels.
  • It seems traders are looking past the ongoing conflict between the US and Venezuela as positivity returns to tech stocks.
  • Meanwhile, the US 10-year yield inched higher at 4.169%.
  • Over in Hong Kong, the HSI jumped to a 7-week high as investors rotated into Chinese tech stocks over their more expensive peers in the US.
  • Additionally, a strengthening Yuan at more than a 30-month high vs the USD also acts as a catalyst.
  • On the home front, the FBM KLCI underwent a mild correction to end lower after a powerful run-up over the past month.
  • We view this as a healthy development and expect the local bourse to resume its uptrend anytime soon.
  • As such, we expect the index to hover within the 1,670-1,680 range today.
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