Daily Market Report (30 Aug 2019)
- There is an air of positivity and calm as China has dialled down on the trade war rhetoric and wants to continue trade talks with US. This is a good sign that it is heading in the right direction until Trump’s tweet.
- On our local front, the 2Q 2019 results thus far have been largely within expectations and we expect the market to remain in a range bound trading with KLCI expected to be back above 1,600 level today ahead of long weekend.
