![MARKET PULSE AM AUG 12, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ20250207EZ_1754967664.jpg&w=3840&q=100)
MARKET PULSE AM AUG 12, 2025 [WATCH]
Bursa Malaysia opened higher today despite a weaker Wall Street overnight performance.
Wall Street closed lower ahead of crucial inflation data later this week, which many expect will dictate the Federal Reserve's stance on rate cuts going forward.
The index is expected to trade between 1,555 and 1,570 points today.
In the crypto market, Bitcoin fell to RM503,498.
Ethereum declined to RM18,087, while Solana was down at RM743.
That's it for Market Pulse.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

The Star
12 minutes ago
- The Star
S&P 500, Nasdaq close at record closing highs
The Dow rose 483.52 points, or 1.10%, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13%, at 6,445.76 and the Nasdaq advanced 296.50 points, or 1.39%, to 21,681.90. NEW YORK: The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month. The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from US President Donald Trump to lower interest rates. Yields on shorter-dated Treasury bonds – a reflection of interest rate expectations – slipped and rate futures showed traders are giving an 88.8% chance that the Fed could lower rates by about 25 basis points in September. "The CPI data is supportive for equities overall, getting some good news with the Fed looking more on track to cut in September and potentially more transitory inflation," said Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management. "The first thing I'd guide is continue to lean into the theme of the big are getting bigger. We continue to have conviction around mega-tech and technology." Alphabet shares rose 1.2% as Perplexity made a US$34.5 billion cash offer to buy the company's Chrome browser. Intel Corp climbed 5.6% after Trump said he met its CEO, Lip-Bu Tan, on Monday, praising Tan and calling the meeting "very interesting." Last week, Trump demanded Tan's immediate resignation, calling him "highly conflicted" over his ties to Chinese firms. The Dow Jones Industrial Average rose 483.52 points, or 1.10%, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13%, at 6,445.76 and the Nasdaq Composite advanced 296.50 points, or 1.39%, to 21,681.90. The quality of economic data remains a concern weeks after Trump fired the head of the Bureau of Labor Statistics following downward revisions to previous months' nonfarm payrolls counts. Markets are monitoring developments around Trump's nominee, E.J. Antoni, to the bureau commissioner post and potential candidates for the Fed's top job. "This is still early innings of this process and just as the Fed will be beginning to cut rates in the autumn, that's when the inflation data will probably start to be registering some of these more direct tariff price increases and it's going to complicate the rate-cutting decision," said John Velis, a macro strategist at BNY. Relief came as the US and China extended their tariff truce until November 10, staving off triple-digit duties on each other's goods. US stocks have rallied in recent weeks on the back of strong tech earnings, easing trade tensions, and increased rate cut expectations. Inflows into US stocks last week were the largest in two years, BofA Global Research data showed. The Russell 2000 index, tracking small-cap companies, advanced almost 3%. An index tracking airline stocks surged 8.87%, its biggest one-day rise in over a month after data showed airfares rose 4% in July. Bank stocks rallied, with the S&P 500 Banks index up 2.1%, as analysts said a steepening yield curve could help bank earnings as lenders could borrow cheap and lend at a higher rate. Cardinal Health dropped 7% after the drug distributor said it will buy healthcare management firm Solaris for US$1.9 billion. Advancing issues outnumbered decliners by a 4.26-to-1 ratio on the NYSE. There were 484 new highs and 60 new lows on the NYSE. On the Nasdaq, advancing issues outnumbered decliners by a 2.69-to-1 ratio. The S&P 500 posted 27 new 52-week highs and 12 new lows while the Nasdaq Composite recorded 104 new highs and 96 new lows. Volume on US exchanges was 16.40 billion shares, compared with the 18.3 billion average for the full session over the last 20 trading days. — Reuters

The Star
3 hours ago
- The Star
MGB wins RM186mil building job
PETALING JAYA: MGB Bhd has accepted a letter of award from CI Medini Sdn Bhd for the development of two service apartment buildings in Medini, Iskandar Puteri, Johor Baru, worth RM185.99mil. In a filing with Bursa Malaysia, the construction and property development firm said the first phase will consist of a 32-storey block comprising 405 apartment units; a multi-storey podium car park and guardhouse. Construction will commence on Sept 1, 2025 and be completed by Nov 30, 2027. Meanwhile, the second phase will comprise a 31-storey block comprising 397 apartment units. MGB said construction will take up to 18 months. 'The contract will increase and enhance the existing order book of the company and its group of companies. 'With the contract in hand, the group's current outstanding order book is of approximately RM1.21bil,' it said.

The Star
3 hours ago
- The Star
Key Asic secures 21 more international patents
PETALING JAYA: Key Asic Bhd has secured 21 granted patents across key international jurisdictions, including the United States, Japan, South Korea, Taiwan, Malaysia and Singapore. The company, a specialist in advanced application-specific integrated circuit (Asic) and system-on-chip (SoC) design solutions, reported that in addition, 19 more patent applications are pending approval, which it said underscores its innovative drive. In a filing with Bursa Malaysia, Key Asic said the patents spanned critical advancements in Internet of Things (IoT), storage technologies, wireless security, and intellectual properties (IPs) – essential building blocks for high-performance and power-efficient chips. It pointed out that such IPs are a tangible revenue engine, on top of being a badge of technical prowess. Historically, the group said the portfolio had generated income through diverse channels: licensing agreements with global semiconductor giants, technology transfer, joint development projects, embedded IP sales integrated into comprehensive Asic and SoC contracts. 'The patents cover cutting-edge advancements in IoT, storage technologies, wireless security, and analog IPs – core components that enable high-performance, power-efficient Asics and SoCs,' the company said. It added that the IPs had allowed it to customise solutions for clients, contributing significantly to revenue.