Oil jumps above US$107 as Asia sells off, Fed and BOJ rate decisions now collide with a fresh energy shock Markets are opening the week under renewed pressure. Brent crude has jumped about 3% to above US$107 , Asian equities are falling sharply, and U.S. Treasury yields remain close to 5%. At the same time, investors are preparing for possible rate hikes from both the Federal Reserve and Bank of Japan this week . For investors, the central question has become: Can central banks contain inflation without causing a much larger slowdown when energy prices are surging at the same time? 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,656.98, +0.86% Friday 🇺🇸 Dow Jones +0.98% Friday 🇺🇸 Nasdaq +0.96% Friday 🇲🇾 FBM KLCI 1,686.74, -1.10% Friday 🇯🇵 Nikkei -1.7% Monday morning 🇰🇷 Kospi -3.3% Monday morning 🌏 MSCI Asia ex-Japan -0.8% 🛢️ Brent crude ~US$107.36, +2.6% 🛢️ WTI crude ~US$102.48, +2.4% 🇺🇸 U.S. 10Y Treasury ~4.97% 🥇 Gold ~US$4,336...
Wall Street Summary
- S&P 500 (-0.47%) and Nasdaq (-1.35%) fell, while Dow Jones (+0.37%) managed to stay in positive territory.
- Tech stocks tumbled due to weak consumer confidence, Tesla’s poor sales data, and a crypto pullback.
- Bitcoin dropped 4% after reaching $90K, while MicroStrategy slid 11% after increasing its Bitcoin purchases.
- Tesla fell 8% due to a 50% drop in sales in the UK & Europe since early 2025.
- Super Micro Computer surged 23% in after-hours trading after filing reports to avoid delisting from Nasdaq.
- Nvidia remains under pressure ahead of its earnings report.
Bursa Malaysia Insight
- FBM KLCI (-1.02%) plunged to a 3-week low as over 900 stocks declined, reflecting weak market sentiment.
- Losers outpaced gainers 4:1, with high trading volume of 3.14 billion shares worth RM2.65 billion.
- Only the Transportation & Logistics Index ended in the green.
Stocks to Watch
- Eco World Development sells land for RM266.1 million and partners with Pearl Computing Malaysia (affiliated with Google) to build a data center.
- Nestlé Malaysia's net profit dropped 72.2% YOY to RM41.1 million, the lowest in 11 years, due to rising costs and weaker sales.
- Affin Bank's Q4 profit tripled to RM135.1 million, with a bonus issue of 1 new share for every 18 existing shares.
- Telekom Malaysia (TM) saw a 68.5% surge in net profit, supported by tax credit recognition.
Summary:
- Tech stocks slump ahead of Nvidia earnings, dragging down Nasdaq and Bitcoin.
- Bursa Malaysia suffers a broad sell-off, with over 900 stocks declining.
- Super Micro jumps 23% after avoiding Nasdaq delisting.
- Key stocks to watch: Nestlé (profit drop), Affin (strong earnings), TM (profit surge), Eco World (Google-linked data center).
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