Trader's Look at Malaysia Market (8th Jan 2025) - Malaysia -Singapore SEZ!

Global Market
$Dow Jones Industrial Average (.DJI.US)$ : -0.42%
$Nasdaq Composite Index (.IXIC.US)$: -1.89%
$Stellar AfricaGold Inc (SPX.CA)$ : - 1.11%

US Tech stocks rallied, with Nvidia hitting a record high. The dollar trimmed losses, and the 30-year bond yield hit late-2023 highs. Investors are preparing for Friday's jobs report, expecting slower hiring. Fed officials see gradual inflation and a strong labour market, allowing for slower rate cuts.

Malaysia Market
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ : +0.27%

Local currency depreciated further to settle at 4.4873 while Malaysia govvy 10 years yield closed at 3.82%.

Focus
Malaysia and Singapore launch a special economic zone in Johor, aiming for 50 projects, 100,000 jobs, and $26 billion yearly. $MAYBANK (1155.MY)$ aims to be preferred financial institution for Malaysia-Singapore transactions, while other sector may also take an advantage as well as $Construction (LIST22974.MY)$ , $Utilities (LIST22980.MY)$ , $Data Center (LIST22920.MY)$ , $Technology (LIST22973.MY)$ related stocks & etc.

$Johor State Sector (LIST22915.MY)$