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Daily Market Update @ 2 Oct 2024

*Daily Market Update*
Indicative as of 2/10/2024

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : -0.93%
πŸ‡ΊπŸ‡Έ NASDAQ : -1.53%
πŸ‡ͺπŸ‡Ί STOXX : -0.38%
πŸ‡²πŸ‡Ύ FBM KLCI : +0.45%
πŸ‡¨πŸ‡³ Shanghai : +0.00%
πŸ‡­πŸ‡° HSI : +0.00%
πŸ‡―πŸ‡΅ Nikkei : +1.93%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.1663 , +0.22%
πŸ‡¬πŸ‡§ GBPMYR : 5.5370 , -0.04%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8762 , +0.14%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2363 , +0.19%
πŸ‡ͺπŸ‡Ί EURMYR : 4.6120 , -0.00%
πŸ‡­πŸ‡° MYRHKD : 1.8651 , -0.26%
πŸ‡²πŸ‡¨ MYRIDR : 3655.3200 , -0.07%
πŸ‡ΉπŸ‡­ MYRTHB : 7.8125 , +0.05%
πŸ‡¨πŸ‡³ MYRCNY : 1.6852 , -0.22%
πŸ‡―πŸ‡΅ MYRJPY : 34.5400 , -0.10%
πŸ‘‘ Gold Spot : 2660.2900 , -0.11%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.50% , +0 bps
MGS 10 year : 3.72% , +1 bps
MGS 20 year : 4.03% , -1 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_

*Daily News*
*Chinese Stocks in Hong Kong Jump With Developers Leading Gains*
Gain signals optimism over a range of new stimulus measures
Hedge funds, mutual funds, buying China assets

*Oil Rises, Asia Stocks Fall on Middle East Tension*
Oil extends surge as Israel vows retaliation after Iran strike
Chinese stocks in HK rise, extending stimulus-induced rally

*China Back to Dominating Emerging Markets as MSCI Weight Soars*
Nation’s share in benchmark index rises to 10-month high
Chinese, Hong Kong stocks add $3.2 trillion since Fed rate cut

*Traders Unwind Long Treasury Bets as Smaller Rate Cuts Weighed*
Open interest in 10-year futures dropped most since Sept. 6
Swaps market pricing in lower odds of half-point cut

*US Job Openings Climb to Three-Month High, Exceeding Forecasts*
Construction, state and local government led rise in openings
Rates of hiring, layoffs and quits all edged lower in August
_Source: Bloomberg_
 

02 Oct 2024