Trump’s recent leniency on TikTok sends positive vibes

The FBM KLCI closed on a positive note amid a choppy session, possibly boosted by persistent bargain hunting activities.

TikTok relief

Though overall sentiment remains cautious, we believe Trump’s recent leniency on TikTok may be a prelude that he would be friendlier with his tariff stance and curbs.

While the situation is still fluid, at least we can expect a lesser degree of confusion. For today, we expect the index to hover within the 1,570-1,580 range.

Technical View

SLVEST (0215)

• Entry Level: RM 1.72-RM1.75
• Resistance levels are identified at RM1.78 (R1) and RM1.83 (R2). Support levels are pegged at RM1.73 (S1) and RM1.67 (S2).

Technical Analysis

BYD COMPANY (1211.HK)

• Resistance levels are identified atHKD275.00 (R1) and HKD300.00 (R2).Support levels are pegged at HKD264.00(S1) and HKD250.00 (S2)

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