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Market Daily Report: Bursa Malaysia Ends Marginally Lower as Investors Stay On Sidelines

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.  
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Europe Stocks Slide Again as Iran War Sparks Stagflation Fears

European  equities  are  on  track  for  a  second  straight  weekly  decline ,  as  the  Iran  war  pushes  oil  above  US$100  and  revives  concerns  over  inflation,  growth  and  financial  stability. Stoxx 600  Falls  as  Oil  Surges The  Stoxx Europe 600   dropped 0.8%  in  early  London  trading,  extending  March  losses. With  oil  trading  above  US$100  per  barrel,  investors  are  reassessing  the  risks  of: Higher  inflation Slower  economic  growth Prolonged  geopolitical  instability Key  Point:  Rising  energy  costs  are  shifting  market  focus  from  rate  cuts  to  stagflation  risk. Mining  and  Banks...
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Bitcoin Plunge Triggers Options Pivot: Panic Fades in HUT, Rebound Bets Build in MSTR

Quick Summary Bitcoin plunged over 10% to around US$65,000 , dragging crypto-linked stocks down more than 15% Options data shows no mass exit  — traders are rotating strategies, not abandoning crypto HUT sees short-term put selling , signalling stabilisation rather than a bounce MSTR attracts longer-dated call buying , pointing to rebound expectations over weeks to months What Happened A sharp selloff in  Bitcoin  sent shockwaves through the crypto ecosystem. Mining stocks and Bitcoin treasury names were hit hard, with  Hut 8  and  MicroStrategy  each falling  more than 15% in a single session . Despite the severity of the move,  options markets tell a calmer story . HUT: Volatility Selling Signals Short-Term Stabilisation After HUT slid to around  US$46 , options traders did  not  rush to buy downside protection. Instead: Near-dated puts were sold , clustered around  US$46–US$48 This reflects a view that  immediate d...
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