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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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U.S. Equities: Key Movers Amid Fed Cut Hopes, Trade Tensions

U.S. equities eased on Monday as the momentum from Friday’s Jackson Hole rally lost steam, with investors cautious ahead of this week’s key inflation reading and Nvidia’s much-anticipated results. Sector performance was mixed, with outsized moves across semiconductors, retail, crypto, and M&A-driven names.

Investor Takeaway:

  • Rotation trade in play: domestic manufacturers (ETD, LZB) benefit from tariff threats, while import-reliant retailers (W, RH, WSM) face downside risk.

  • Strategic shifts: Intel’s U.S. government stake signals deepening state-industry integration in semis, while KDP’s JDE Peet’s deal highlights consumer brand consolidation.

  • Key watchpoint: Nvidia earnings this week may set the tone not only for AI sentiment but also for broader market direction into September.

Semiconductors & Technology

  • Nvidia (NVDA US) rose +1.9% ahead of its Q2 earnings due Wednesday. Despite a two-week losing streak, shares are still +35% YTD, underscoring its central role as the AI market bellwether. Investors are watching for updates on H20 shipments to China and the Blackwell rollout.

  • Intel (INTC US) slipped -1.2% to $24.50 after confirming the Trump administration will take a 9.9% stake worth $8.9B. The investment, partly funded by Chips Act grants, makes the U.S. government its largest shareholder. While strategic, the passive nature of the stake limits immediate governance impact.

  • Verint Systems (VRNT US) fell -1.2% after agreeing to a $2B buyout by Thoma Bravo, valuing shares at $20.50 each — an 18% premium.

Consumer & Retail

  • Wayfair (W US) dropped -5.2%, alongside Williams-Sonoma (WSM US -1.7%) and RH (RH US -4.3%), as Trump signaled new tariffs on furniture imports. By contrast, U.S.-centric players fared better: Ethan Allen (ETD US +0.7%) and La-Z-Boy (LZB US +0.3%) gained on their domestic production base.

  • American Eagle (AEO US) fell -2.7% after BofA downgraded to Underperform, citing tariff risks and weak brand momentum despite celebrity-led campaigns.

Beverages & Consumer Brands

  • Keurig Dr Pepper (KDP US) sank -11% after announcing an $18B takeover of JDE Peet’s, with plans to split into two public entities (coffee vs beverages). While strategic for unlocking value, near-term leverage and execution risks weigh on sentiment. JDE Peet’s shares surged +18% in Europe.

Cryptocurrency & Digital Assets

  • MicroStrategy/Strategy (MSTR US) fell -3.2% after disclosing the purchase of 3,081 BTC at an average of ~$115.8K per token.

  • Coinbase (COIN US) dropped -3.3%, tracking Bitcoin’s modest decline. Regulatory overhang and weaker spot volumes remain near-term headwinds.

E-Commerce & Internet

  • PDD Holdings (PDD US) slipped -0.1% despite a Q2 earnings beat. Revenue rose 7%, but management flagged intensifying competition and continued investment pressures, tempering investor enthusiasm.

Energy & Industrials

  • Crescent Energy (CRGY US) dropped -4.5% after unveiling a $3.1B all-stock deal to acquire Vital Energy. Vital shares surged +16%, reflecting the 15% premium offered. The transaction significantly scales Crescent’s portfolio but raises integration and leverage risks.

Broader Market Context

  • Wall Street’s cautious tone reflects uncertainty around the Fed’s September decision. Futures price in ~86% probability of a rate cut, but the upcoming PCE inflation print could alter expectations.

  • Market leadership remains narrow, with Nvidia and mega-cap tech dominating flows, while tariff-sensitive consumer and cyclicals show fragility.


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