Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"
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.
The index is expected to fluctuate between 1,580 and 1,595 today.
SPTOTO 1562:
• Resistance levels: RM1.61 (R1), RM1.68 (R2)
• Support levels: RM1.52 (S1), RM1.47 (S2)
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