U.S. 10Y touches 5%, AI stocks tumble and oil stays above US$105 markets brace for tomorrow’s Fed decision Global markets enter Tuesday with three pressure points converging: U.S. borrowing costs briefly crossed 5%, oil remains above US$100, and the AI trade suffered a sharp reset overnight . The S&P 500, Dow and Nasdaq all closed lower Monday, while the Philadelphia semiconductor index plunged 5.9% . For Malaysian investors, there was one encouraging counterpoint: the FBM KLCI rebounded 0.66% to 1,698.01 , snapping four consecutive losing sessions despite the difficult global backdrop. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,619.98, -0.48% 🇺🇸 Dow Jones 52,421.20, -0.29% 🇺🇸 Nasdaq 26,186.41, -0.56% 🇲🇾 FBM KLCI 1,698.01, +0.66% 💵 USD/MYR ~4.04–4.05 🇺🇸 U.S. 10Y Treasury briefly >5%; ~4.98% later 🥇 Spot gold ~US$4,313/oz, -0.8% 🛢️ Brent US$105.68/bbl, +~1% ₿ Bitcoin ~US$79,150, +~2% Monday The dollar strengthened Mo...
KUALA LUMPUR, Sept 14 (Bernama) -- Bursa Malaysia’s barometer index closed at an intraday high and snapped a four-day losing streak on Monday, as bargain hunting emerged following recent weakness, with half of the key index components advancing. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ticked up 11.27 points or close 0.66 per cent higher to 1,698.01 from Friday’s close of 1,686.74. The benchmark index opened 0.09 points lower at 1,686.65, fell to an intraday low of 1,682.49 before settling at the intraday high of 1,698.01. Market breadth, however, was negative, with losers beating gainers 764 to 421. A total of 498 counters were unchanged, 1,157 untraded and 26 suspended. Turnover narrowed to 3.18 billion units worth RM2.79 billion, from 3.57 billion units valued at RM3.28 billion on Friday.