*Daily Market Update*
Indicative as of 25/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : +0.35%
 NASDAQ : +0.16%
 STOXX : +1.18%
 FBM KLCI : +0.07%
 Shanghai : -3.10%
 HSI : -1.89%
 Nikkei : +0.68%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.4622 , -0.17%
 GBPMYR : 5.6218 , +0.51%
 AUDMYR : 2.9217 , +0.73%
 SGDMYR : 3.3229 , +0.29%
 EURMYR : 4.6769 , +0.61%
 MYRHKD : 1.7442 , +0.17%
 MYRIDR : 3557.7400 , +0.14%
 MYRTHB : 7.7041 , -0.20%
 MYRCNY : 1.6217 , +0.00%
 MYRJPY : 34.5600 , -0.01%
 Gold Spot : 2704.0900 , -0.45%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.61% , +1 bps
MGS 10 year : 3.81% , -0 bps
MGS 20 year : 4.06% , -0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
 
*Daily News*
*China Investors Digest Another Letdown From Big Tech Earnings*
Top five stocks erase billion in market value in past week
Sector no longer driving structural growth; Daiwa

*Bond Market Halts Brutal Run as Buyers Pounce on 4.5% Yields*
Traders still see uncertainty over US fiscal, Fed policy paths
Options traders are placing wagers to profit if yields do rise

*Adani Charges to Test Trump’s Desire to Keep India in US Orbit*
US seeking to strengthen ties with India to counter China
The case is another reminder of long reach of US law

*Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar*
Key Square’s Scott Bessent also signaled strong tariff support
His remit would include debt management, sanctions, IRS 

*Bitcoin Treads Water Near 0,000 With Next Big Target In Sight*
Digital-asset adherents see the six-figure level as validation
Pro-crypto President-elect Trump has sparked a market jump
_Source: Bloomberg_