Daily Market Report - 8 January 2026
Daily Market Report - 8 January 2026

Daily Market Report - 8 January 2026

Thu, Jan 8, 2026 8:01 AM
  • Wall Street closed mixed as traders decided to lock in profits following a record-breaking run.
  • As a result, both the DJIA and S&P500 ended lower weighed by the decline in financial and energy stocks.
  • Meanwhile, the US 10-year yield slid lower at 4.15% amid a weak job data.
  • Over in Hong Kong, the HSI stumbled amid some profit taking activities as traders turned cautious on the escalating tension between China and Japan.
  • In a latest development, China has tightened its exports of dual use items which have both military and civilian applications.
  • Back home, the FBM KLCI finished above water after a weak start, illustrating that local buying support remains very much intact.
  • Nonetheless, we are still hopeful that foreign funds will turn net buyers anytime soon after a net foreign outflow of more than RM22bn last year.
  • Trading is still very much blue chip centric as bulk of the retail segment is still side-lined.
  • For today, we anticipate the index to trend within the 1,670 1,680 range.
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