Uncertainty on Wall Street may shift funds to Asia

Uncertainty and high valuations on Wall Street may shift some funds to Asian markets,

By Staff Writer · February 13, 2025 · 1 min read

The FBM KLCI broke above the 1,600 level, supported by bargain hunting and a possible return of foreign funds.

Uncertainty and high valuations on Wall Street may shift some funds to Asian markets, with the index expected to trade within the 1,600-1,610 range today.

Technical View:

• KPJ (5878): Resistance at RM2.54 (R1) and RM2.70 (R2); support at RM2.38 (S1) and RM2.24 (S2).

• BAIDU (HK.9888): Buy call with a 16.8% upside potential; resistance at HKD95.00 (R1) and HKD100.00 (R2); support at HKD85.00 (S1) and HKD82.00 (S2).

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