Stocks and Markets

Markets Steady as FBM KLCI Hits YTD High on Foreign Buying, Ringgit Strengthens

The FBM KLCI closed near a year-to-date high, approaching the 1,720 level, supported by persistent foreign fund accumulation. Retail participation remained muted, reflected in lower trading volume. The ringgit strengthened to a five-year high against the US dollar.

YTD High

Wall Street ended broadly higher as market calm returned amid easing trade tensions and reduced geopolitical risks, although Intel slid sharply after issuing a disappointing first-quarter outlook. The US 10-year Treasury yield edged up to 4.251%. In Asia, Hong Kong’s Hang Seng Index stayed marginally positive after President Trump softened his stance on Greenland, alongside a recovery in Japanese bonds.

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