On Monday, Wall Street experienced a sharp selloff driven by concerns over elevated treasury yields.
The Dow fell 1.0%, the S&P 500 declined 1.1%, and the Nasdaq dropped 1.2%.
European markets followed suit, with broad-based declines led by technology and healthcare sectors.
In Asia, markets closed mixed: Japan’s Nikkei 225 dipped 1.0%, South Korea’s Kospi slipped 0.2% amid political turmoil, while China’s Shanghai Composite gained 0.2%.
Market Outlook: Bursa
Malaysia’s FBM KLCI bucked the global downtrend, extending its rally due to year-end window-dressing activities. This positive momentum is expected to continue, with strong interest in lower liners and improved trading sentiment. Manufacturing PMI data from the US, China, EU, and Malaysia will be key this week. Looking ahead to 2025, markets may face heightened volatility due to uncertainties around Trump’s second term, geopolitical risks, and the Federal Reserve’s rate cut trajectory.
Read more Business News
Leave a Reply
You must be logged in to post a comment.