TRADER’SEDGE (22 May 2025) - Wall Street Tumbles on Debt Fears, KLCI first foreign outflow after4-week straight
Global Market
US stocks plunged on Wednesday following a disappointing $16 billion Treasury auction, highlighting deepening concerns over America’s ballooning debt. $CBOE Volatility S&P 500 Index (.VIX.US)$ jumped above 20, showing rising fear.
$Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ was a rare bright spot, rising 2.9% after showcasing new AI innovations. While most of others Tech stocks did not perform well such as $NVIDIA (NVDA.US)$ , $Apple (AAPL.US)$ , $Tesla (TSLA.US)$ .
$U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ @ 4.60% (+0.11)
The disappointing auction reflected deepening investor concerns over the U.S.’s growing fiscal deficit and debt burden, especially following Moody’s downgrade of the U.S. credit outlook.
$Wolfspeed (WOLF.US)$ is an American semiconductor company that specializes in silicon carbide (SiC) and gallium nitride (GaN) technologies for EV, renewable energy & 5G. Their shares plunged nearly 60% on Wednesday after reports surfaced that the company is preparing to file for bankruptcy in the coming weeks.
Malaysia Market
Local Macro:
KLCI Performance:
Foreign Equity Flow (MYR mil):
Sectoral Performance (%):
KLCI most sectors declined, led by Technology -2.93%, while Construction +1.05% and Plantation +0.67% were the only gainers. Weakness in Property, Industrial Products, and Small Cap suggests broad market pressure. Defensive sectors like Utilities and Telecommunications saw smaller losses. Caution prevails amid the downturn.
Trade in Focus
$JPG (5323.MY)$ closed solid yesterday at RM1.22. A plantation company primarily focused on oil palm cultivation. They own, manage, and harvest oil palms on their own and leased plantation estates, producing Fresh Fruit Bunches.
Bloomberg source: target price by analysts:
TLDR:
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