TSLA
Tesla
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NVIDIA
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Micron Technology
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Boeing
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Nike
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Trader’s Look at Market – “Navigating market turmoil: DeepSeek shakes up AI industry” (31 Jan 2025)
Global markets
$Dow Jones Industrial Average (.DJI.US)$ DJ +0.38%, $S&P 500 Index (.SPX.US)$ S&P500 +0.53%, $NASDAQ 100 Index (.NDX.US)$ Nasdaq +0.25%
Overnight, US equities ended higher as traders digested earnings reports, with encouraging signal from TSLA. APPL reported better than expected first-quarter results as stronger services revenue +14% y-o-y offset weaker sales.
$CBOE Volatility S&P 500 Index (.VIX.US)$ VIX declined to 16%, demonstrating market complacency after DeepSeek routed the market whereby VIX shot above 22% on 28 Jan.
Malaysia markets
Local Macro
DeepSeek is powerful, spillover to currency too. Traders flew to safe heaven, such as USD and JPY. Last Tuesday, MYR weakened from 4.3800 to 4.3945. Today, $USD/MYR (USDMYR.FX)$ USDMYR opened higher at 4.4000.
KLCI Performance
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ KLCI closed at 1,552 (-6.28 point) with much lower volume traded, MYR 2.00 billion only due to CNY holiday.
Malaysia equity flow (MYR million)
Year 2025 was really challenging. Foreigners continued selling domestic equity, about MYR 197 mil last Tuesday and pushed YTD equity outflow to more than MYR 3.0 billion. Market lack of catalyst.
Sectoral performance (%)
DeekSeek news hammered the domestic market too, especially AI related companies, such as utilities, technology.
Stocks on focus:
$NATGATE (0270.MY)$ NATGATE is seen as a direct AI proxy on Malaysia’s tech supply chain. NATGATE offers electronics manufacturing services and technical support to networking, communications, instrumentation, consumer products, medical devices and automotive sectors.
NATGATE was hammered mercilessly and close at 1.79 (-4.79%) with 61 mil shares changed hands.
Bloomberg source: NATGATE graph and volume
Bloomberg source: NATGATE target price by analysts
Bloomberg source: NATGATE warrant
NATGATE warrants captured market attention too as traders used structured warrants issued to get exposure of NATGATE with higher leverage. $NATGATE-CE (AMBANK (M) BERHAD) (0270CE.MY)$ NATGATE-CE (most actively traded) is the most relevant warrant based on the exercise price of 2.10 if compared to the closing price of 1.79.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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