Overall Impact of US Tariffs: Credit negative for the Asia-Pacific (APAC) region. Likely to disrupt existing supply chains . Unlikely to accelerate China+1 strategy in the near term. Countries That May Gain: Malaysia , India , and Philippines (10–30% tariff band): Could gain US market share via trade triangulation . Trade diversion expected in the short term. India : Large domestic market. Attractive for companies seeking low-cost operations and consumer access . Benefits to unfold over the next few years. Countries at Risk Despite Lower Tariffs: Singapore , Australia , New Zealand (10% baseline tariff): May still feel the pinch due to high global trade exposure . Singapore especially vulnerable to global trade slowdown . Commodity-Heavy Economies: Australia , New Zealand , Indonesia : Rely heavily on Chinese demand . A Chinese slowd...
FBM KLCI kick off the year with a decline of 8.48 pts to close at 1,752.770.
FBM KLCI started the year 2015 with a slight drop |
The drop is about 0.48% as the oil price downtrend seems to continue.
Brent crude continues to trade at sluggish levels of US$57 per barrel.
The top gainers for the day are as follow:
Nestle Bhd close at 68.88, up 0.038, Lafarge Malaysia Bhd increase 0.3 to close at 10.06, Hong Leong Financial Group Bhd up by 28 cents to 16.80 while Allianze also by 28 cents to 11.70. Below is the top 10 gainers for the day:
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Top 10 Gainers |
On the other end, leading the top losers are British American Tobacco with a decrease of RM1.10 to close at RM64, Kuala Lumpur Kepong dropped about 80 cents to RM22, DanaInfra Retail Sukuk also drop 80 cents to RM100. Below are the TOP 10 Losers of the day.
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Top 10 Losers |
Below are the top 10 Active counters for the day:
According to report from TheEdge, investors are still cautious as crude oil continues to slide.
There is also a downward revision for the end-2015 target for FBM KLCI to 1,720 pts from the previously 1,930 by JF Apex Securities Research and said the local stock market will continue to exhibit choppy trade as long as crude oil price stays sluggish, with the continued weakening of the ringgit against the US dollar.
On the regional front, both the Hong Kong's Hang Seng and South Korea's Kospi were up by 1.07% and 0.57% respectively.
hmmm seems like 2015 is not a good year too huh! hopefully it doesnt get worst!
ReplyDelete30 Days Money Challenge here!!
Not a good start, we still don't know how it goes throughout the year.
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