The FBM KLCI is expected to remain subdued due to cautious global market sentiment, though volatility has slightly eased as investors assess tariff impacts.

Future tariff developments could increase volatility, but Wall Street earnings are likely to have a stronger influence on sentiment. Investors should monitor Japan’s industrial production data.

Tariff development

Defensive sectors like REITs and Utilities are recommended for their dividend yields. Technically, the FBM KLCI closed slightly lower, with negative indicators (MACD below Signal Line, RSI below 50) suggesting short-term consolidation. Resistance is at 1,470, support at 1,400.

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