Daily Market Update @ 28 Nov 2024

*Daily Market Update*
Indicative as of 28/11/2024
 
*Index Daily Return* (Local Currency Terms)
 S&P 500 : -0.38%
 NASDAQ : -0.60%
 STOXX : -0.19%
 FBM KLCI : +0.07%
 Shanghai : +1.74%
 HSI : +2.32%
 Nikkei : -0.80%
_Source: Bloomberg_
 
*FX Rate*
 USDMYR : 4.4418 , -0.05%
 GBPMYR : 5.6286 , +0.50%
 AUDMYR : 2.8865 , +0.13%
 SGDMYR : 3.3097 , +0.04%
 EURMYR : 4.6874 , +0.31%
 MYRHKD : 1.7519 , +0.04%
 MYRIDR : 3587.7500 , +0.04%
 MYRTHB : 7.7750 , +0.12%
 MYRCNY : 1.6306 , +0.00%
 MYRJPY : 34.1430 , +0.16%
 Gold Spot : 2636.7100 , +0.03%
_Source: Bloomberg_
 
*MGS Yields*
MGS 5 year : 3.60% , +0 bps
MGS 10 year : 3.81% , +1 bps
MGS 20 year : 4.06% , -0 bps
MGS 30 year : 4.18% , +0 bps
_Source: Bloomberg_
 
*Daily News*
*Hedge Funds Pile Into Japan’s $165 Billion Hidden Property Trade*
Hedge funds and private equity seek to unlock hidden value
Tokyo Gas, Fuji Soft among firms with big property holdings 

*US Antitrust Watchdog Launches Broad Microsoft Investigation*
FTC has sent detailed information demand to Microsoft
Questions focus on software licensing, cybersecurity and AI

*Trump’s Trade Chief Advocates ‘Strategic Decoupling’ From China*
Jamieson Greer has been nominated as US Trade Representative
He supports revoking China’s permanent normal trade relations 

*Chinese Stocks Jump as Stimulus Hopes Rise Ahead of Key Meeting*
CSI 300 jumps 1.7%, its biggest daily gain in three weeks
Traders are looking for fresh catalysts to revive rally

*Asian Stocks Fluctuate Into Holiday, Yields Slip*
Japanese equities swing, those for Australia advance
Australia, New Zealand yields fall, echoing move in Treasuries
_Source: Bloomberg_