Daily Market Report (26 Aug 2019)
Mon, Aug 26, 2019 8:58 AM
- Brace for some selling on the equity markets today following China’s retaliatory moves on its trade war with the US. Due to this, Wall Street succumbed to some heavy sell-down with the DJI Index shedding 623 points to below 26,000 again.
- We believe the negative sentiments should overcast today’s trading and expect the region to trend lower today.
- Locally, we see support level for the FBM KLCI at 1,580 and advocate investors to Buy on Weakness.
