Daily Market Update 30 Sep 2024

*Daily Market Update*
Indicative as of 30/9/2024

*Index Daily Return* (Local Currency Terms)
 S&P 500 : -0.13%
 NASDAQ : -0.39%
 STOXX : +0.47%
 FBM KLCI : -0.67%
 Shanghai : +4.47%
 HSI : +3.55%
 Nikkei : +2.32%
_Source: Bloomberg_

*FX Rate*
 USDMYR : 4.0972 , -0.69%
 GBPMYR : 5.4847 , -0.66%
 AUDMYR : 2.8386 , -0.10%
 SGDMYR : 3.2013 , -0.48%
 EURMYR : 4.5771 , -0.58%
 MYRHKD : 1.8969 , +0.67%
 MYRIDR : 3677.8800 , +0.32%
 MYRTHB : 7.8883 , +0.52%
 MYRCNY : 1.7002 , +0.00%
 MYRJPY : 34.8000 , +0.31%
 Gold Spot : 2659.2400 , +0.04%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.51% , -0 bps
MGS 10 year : 3.72% , +0 bps
MGS 20 year : 4.04% , +0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_

*Daily News*
*Japanese Stocks Plummet on Rate Hike Worries*
Nikkei 225 Falls 4.3% after Yen’s Surge on Ishiba Win 
 Oil steadies as traders take stock of Hezbollah leader’s death

*Traders Blow Off US Election Risks as Stocks Race Into October*
S&P 500 heads for best first nine months of a year since 1997
Put-call ratio for equity options sends bullish market signal

*Major Chinese Cities Ease Homebuying Rules in Stimulus Push*
Comes after policymakers unveil aggressive home stimulus
Central bank also moves to lower borrowing costs for mortgages

*Local EM Bonds Finally Ready for Lift Off After Fed Cuts Deep*
Local-currency debt rallies most since 2020 in third quarter
Asset class outperforms EM dollar bonds in long-awaited shift

*Singapore’s Moribund IPO Market Looks to REITs for a Lifeline*
Japan’s NTT is said to consider $1 billion data-center listing
Lower rates will make REITs more attractive to investors"
_Source: Bloomberg_