KUALA LUMPUR: Hwang DBS Vickers Research said the bears came back to sell down U.S. equities on Thursday night, March 10.
It said on Friday, March 11 leading bellwethers on Wall Street slumped between 1.8% and 1.9% at the closing bell as investors reacted negatively to the increase in jobless claims, wider U.S. trade deficit and slowing China exports.
'This will inevitably force Asian stock markets to gap down when trading resumes this morning. Back home, the benchmark FBM KLCI could tumble towards the immediate support level of 1,495 ahead,' it said.
HDBSVR said possibly bucking the falling market trend is Ahmad Zaki Resources after the CONSTRUCTION [] outfit said it has accepted a construction contract to build Phase 2 of the East Coast Highway worth RM145m.
It said on Friday, March 11 leading bellwethers on Wall Street slumped between 1.8% and 1.9% at the closing bell as investors reacted negatively to the increase in jobless claims, wider U.S. trade deficit and slowing China exports.
'This will inevitably force Asian stock markets to gap down when trading resumes this morning. Back home, the benchmark FBM KLCI could tumble towards the immediate support level of 1,495 ahead,' it said.
HDBSVR said possibly bucking the falling market trend is Ahmad Zaki Resources after the CONSTRUCTION [] outfit said it has accepted a construction contract to build Phase 2 of the East Coast Highway worth RM145m.
No comments:
Post a Comment