The FBM KLCI dipped below 1,590 due to regional market sell-offs, prompting investors to adopt a cautious approach as they await potential trade policy impacts from “Tariff Trump” 2.0.
However, the sell-down presents a bargain-hunting opportunity. Analysts suggest that Trump’s approach may be less assertive, as aggressive policies could risk isolating the US globally.
Index today
The index is expected to fluctuate between 1,580 and 1,595 today.
Technical View
SPTOTO 1562:
• Resistance levels: RM1.61 (R1), RM1.68 (R2)
• Support levels: RM1.52 (S1), RM1.47 (S2)
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