Wall Street Gains Amid Crude Oil Price Decline

Wall Street closed positively as traders reacted to falling crude oil prices, with the DJIA up 126 points and the Nasdaq gaining 259 points. The US 10-year yield eased slightly to 4.014%. In Hong Kong, the HSI dropped below 21,000 as optimism faded after the NDRC press conference offered no new support measures.

Wall Street Gains

On the home front, the FBM KLCI closed marginally higher due to last-minute buying, although daily trading volume remained low, indicating a consolidation phase. The index is expected to hover between 1,630 and 1,640. Crude oil prices declined, with Brent crude down nearly 5% to USD 77 per barrel due to concerns over weakening demand. – Rakuten

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