Daily Market Report - 1 July 2025
- Wall Street ended broadly higher as traders are optimistic that there will be deals between the US and its trading partners once its 90-day tariff reprieve expires next week.
- Meanwhile, the US 10-year yield slipped to 4.232%.
- Over in Hong Kong, the HSI declined to just above the 24,000 level after a government report showed that manufacturing activity in China struggled to expand as US tariff hampered exports.
- Back home, the FBM KLCI closed higher at above the 1,530 mark possibly due to the return of foreign funds.
- On the back of steadier global markets, we reckon the same may support the local burse hence expect the index to trend within the 1,530-1,540 range today.