Photo by Vlada Karpovich on Pexels.com
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%.
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
The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
This website uses cookies.