7 March 2025 Global Index Futures - Hang Seng

HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng surged 776 points or 3.3% to close at 24,370, marking its third straight gain and the highest level in over three years, with all sectors rallying. Investors viewed policy signals from China's annual parliamentary meeting positively, prompting increased buying.

The tech sector rose 5.4%, led by an 8.5% surge in Alibaba Group, which has soared 46% since hitting a 2025 low on January 13, owing to optimism over its AI development efforts. Consumer, property, and financial stocks also advanced robustly, as traders bet that the latest U.S. tariff hike under President Trump would not derail market sentiment, especially amid Beijing’s 2025 fiscal stimulus.

However, caution lingered ahead of key Chinese data, including trade figures for January-February on Friday, and CPI and PPI data on Monday. Greentown China rose 7.7% on strong February sales, while Kuaishou Tech (15.8%), KE Holdings (10.4%), Kingsoft Corp. (10.9%), Tencent (6.7%), and Meituan (5.1%) also logged solid gains.

(News Source: Tradingeconomics)

Plan A: Long only if market supported firm above 24,258. Targets are 24,476/24,770. Take reasonable stop loss for each trade. 

Plan A: Short if market is resilient to 24,258. Targets are 23,905/23,702. Take reasonable stop loss for each trade. 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.

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7 Mar 2025 BMD Local Market

LOCAL MARKET 

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FKLI

FKLI Mar month dropped 7 points or 0.46% to closed lower at 1530.5. Bursa Malaysia’s benchmark index closed lower today, weighed down by persistent selling pressure on selected heavyweights, particularly in the financial services sector.

Overnight Dow Jones index dropped 427 points to closed lower at 42579. Stock indexes tumbled on Thursday, with the Nasdaq confirming a correction since its peak last December, while the dollar weakened as investor uncertainty grew following fresh tariff announcements from U.S. President Donald Trump. Meanwhile, the global bond market selloff extended, with the 10-year German Bund yield experiencing its sharpest rise since the 1990s. Trading remained volatile as investors reacted to ongoing tariff developments.

The actively traded FKLI contract closed lower yesterday, erasing gains from March 5 and signaling a potential continuation of its downward bias, with a sell-on-rebound strategy remaining the focus. The price continues to trade below the lower boundary of the previous sideways consolidation, now acting as a key resistance zone at 1536–1533. If the price rebounds but fails to break above this resistance, selling pressure may persist. Immediate support is seen at 1525–1524, and a break below this level could drive the index further down toward 1517–1515. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1525 and 1520, respectively.

(News Source: The Star; Reuters)

Recommend Trading Plan:

Long positions may be opened above 1530 with targets at 1534/1538 and stop-loss at 1525

Short positions may be opened below 1530 with targets at 1525/1520 and stop-loss at 1535

FCPO

FCPO May month contract rose 63 points or 1.43% to closed higher at 4480. Malaysian crude palm oil futures climbed on Thursday, following gains in rival oils on the Dalian and Chicago markets, though concerns over U.S. tariffs limited the upside.

Overnight soybean oil for the May contract rose 0.18 to closed higher at 43.17. Dalian’s active palm oil contract rose 126 points to close lower at 8976 on previous night session.

The actively traded FCPO contract remains in a broader sideways consolidation. The price has risen for two consecutive sessions, recovering losses from March 4, with the potential to move higher. On the hourly chart, the price has broken above the resistance line of the downward channel at 4470–4465, which now acts as support. We suggest buying on retracement, with resistance expected at 4495–4500. A breakout above this level could lead to further upside. However, if the resistance holds and the price fails to break through, selling pressure may emerge. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4469 and 4495, respectively.

(News Source: Reuters)

Recommend Trading Plan:

Long positions may be opened above 4469 with targets at 4495/4518 stop-loss at 4449

Short positions may be opened below 4469 with targets at 4447/4425 stop-loss at 4489

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.

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