The FBM KLCI rebounded strongly, closing above 1,525, driven by significant afternoon buying. However, the index is expected to trade between 1,500-1,520 today due to increasing regional volatility, influenced by Trump’s protectionist policies.
Regional Tariffs
Malaysia’s 24% reciprocal tariff ranks 3rd lowest in the Asia-Pacific region, behind Singapore (10%) and the Philippines (17%). The highest tariffs are seen in Cambodia (49%), Vietnam (46%), Thailand (36%), and Indonesia (32%).
Technical View: RHBBANK (1066)
• Resistance Levels: RM7.04 (R1), RM7.20 (R2)
• Support Levels: RM6.80 (S1), RM6.70 (S2)
Investment Idea: NetEase Inc (HK.9999)
• BUY recommendation with a 15.9% upside potential, supported by strong technical indicators.
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