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Daily Market Update @ 29 Oct 2024

*Daily Market Update*
Indicative as of 29/10/2024

*Index Daily Return* (Local Currency Terms)
πŸ‡ΊπŸ‡Έ S&P 500 : +0.27%
πŸ‡ΊπŸ‡Έ NASDAQ : +0.26%
πŸ‡ͺπŸ‡Ί STOXX : +0.41%
πŸ‡²πŸ‡Ύ FBM KLCI : -0.48%
πŸ‡¨πŸ‡³ Shanghai : +0.20%
πŸ‡­πŸ‡° HSI : +0.04%
πŸ‡―πŸ‡΅ Nikkei : +1.82%
_Source: Bloomberg_

*FX Rate*
πŸ‡ΊπŸ‡Έ USDMYR : 4.3623 , +0.00%
πŸ‡¬πŸ‡§ GBPMYR : 5.6585 , -0.01%
πŸ‡³πŸ‡Ώ AUDMYR : 2.8698 , -0.34%
πŸ‡ΈπŸ‡¬ SGDMYR : 3.2979 , -0.03%
πŸ‡ͺπŸ‡Ί EURMYR : 4.7178 , +0.02%
πŸ‡­πŸ‡° MYRHKD : 1.7814 , +0.01%
πŸ‡²πŸ‡¨ MYRIDR : 3605.0900 , +0.01%
πŸ‡ΉπŸ‡­ MYRTHB : 7.7407 , -0.07%
πŸ‡¨πŸ‡³ MYRCNY : 1.6351 , +0.06%
πŸ‡―πŸ‡΅ MYRJPY : 35.0570 , +0.00%
πŸ‘‘ Gold Spot : 2750.6300 , +0.30%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.63% , -0 bps
MGS 10 year : 3.86% , -0 bps
MGS 20 year : 4.15% , -0 bps
MGS 30 year : 4.23% , +0 bps
_Source: Bloomberg_

*Daily News*
*Japan Risks Turning Inward Just as World Braces for Trump Return*
Ishiba indicates he’ll stay on as PM despite lost majority
Weak coalition may limit new leader’s ability to maneuver

*Indian Small-Caps Run Risk of Extended Selloff as Earnings Slow*
Gauges of smaller stocks nearing technical correction levels
Shares still trading at high valuations despite recent drops

*Biden Finalizes Curbs on US Investment in Chinese Chip, AI Tech*
Rules cover individual, company investments in advanced tech
Restrictions include both bans and notification requirements

*Bitcoin Tops $70,000 for First Time Since June as Election Nears*
Largest token is viewed by some as a so-called Trump trade
US spot-Bitcoin ETFs have attracted $3.1 billion in October

*Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data*
Israel is open to short truce in Gaza in exchange for hostages
Market faces crucial period on US election, OPEC+ supply plans
_Source: Bloomberg_
 

29 Oct 2024