*Daily Market Update*
Indicative as of 31/12/2024

*Index Daily Return* (Local Currency Terms)
 S&P 500 : -1.07%
 NASDAQ : -1.19%
 STOXX : -0.46%
 FBM KLCI : +0.59%
 Shanghai : +0.46%
 HSI : -0.24%
 Nikkei : -0.96%
_Source: Bloomberg_

*FX Rate*
 USDMYR : 4.4665 , -0.09%
 GBPMYR : 5.6178 , +0.45%
 AUDMYR : 2.7802 , +0.15%
 SGDMYR : 3.2906 , +0.12%
 EURMYR : 4.6612 , +0.06%
 MYRHKD : 1.7376 , +0.09%
 MYRIDR : 3613.52, -0.48%
 MYRTHB : 7.6551 , +0.50%
 MYRCNY : 1.6343 , +0.10%
 MYRJPY : 35.354 , +0.09%
 Gold Spot : 2606.50, -0.57%
_Source: Bloomberg_

*MGS Yields*
MGS 5 year : 3.64% , -0 bps
MGS 10 year : 3.82% , -0 bps
MGS 20 year : 4.07% , -0 bps
MGS 30 year : 4.19% , +0 bps
_Source: Bloomberg_

*Daily News*
*Plane Crash Prompts South Korea Leaders to Pause Political Fight*
Country’s worst civil aviation accident killed 179 passengers
President and Prime Minister impeached in span of two weeks

*Asian Stocks Fall After Declines on Wall Street*
Bloomberg’s dollar index is set for its best year since 2015
Hong Kong, Singapore stock markets are on half trading day

*Hong Kong Dollar Strongest Since 2021 on Record Funing Costs*
Overnight Hibor rises to record on year-end demand surge
Chinese firms’ increased dividend payouts also a factor

*South Korean Inflation Picks Up as Political Fallout Spreads*
Martial-law turmoil adds to burden for local currency won
South Korea relies heavily on imports for food and energy

*Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus*
USD/INR one-month implied volatility at highest since Aug 2023
Low volatility poses risks, RBI may ease grip, says Barclays
_Source: Bloomberg_