Daily Market Report (3 Dec 2019)
- As suspected, the US China trade talk will never be resolved amicably as Trump continues to use his dirty tactics to prolong our sufferings. Meanwhile, he is also looking to impose tariffs at certain European countries making him the most popular person in the world at this instance.
- With uncertainties abound, we will be forced to ride the volatility wave again hence may see some downside bias on regional markets today.
- Though the FBM KLCI downside should be capped with immediate support at 1,560, we continue to see the lack of participation from the foreign funds over the immediate term.
