AmEquities🐪 – 16 Oct 2026 Retail Research
AmBreakfast Note
KLCI fell 0.25% to close at 1,623.70. We maintained the support level at 1,600 and the resistance level at 1,770. Trading volume decreased to 3.06bil (3.25bil previously), while trading value was RM3.03bil (RM3.04bil previously). Market breadth remained negative (294 gainers vs 852 losers). Sectors across the board closed negative with technology (-3.5%), industrial (-2.0%) and healthcare (-1.7%).
Asian equities suffered broad selloff across tech-heavy indices—KOSPI down 7%, Nikkei 225 off 5%, Shanghai Composite -1.59%—as hotter-than-expected US inflation data (headline 3.7% YoY, driven by energy) reignited Fed rate hike concerns and triggered aggressive de-risking from AI and semiconductor trades across the region.
U.S. markets bounced back with Dow +500 points as rotation out of tech into value and healthcare offset earlier weakness, but the PHLX Semiconductor Index cratered over 10% on structural concerns about AI infrastructure debt-financing costs and crypto liquidations topped $1 billion with Bitcoin sliding toward $81,000. The read-through for Bursa tomorrow is clear: tech exposure gets pressure, defensive positioning favored, and any hint of further Fed tightening will keep regional risk assets pinned.
Today’s Report(s) / Note(s)
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Stock on Radar: Oxford Innotech
Malaysia KLCI: 1,623.7 (-4.07, -0.3%) FBM Small Cap: 15,558.4 (-1.6%)
Global Markets Dow: 52,177.7 (+556.2, +1.1%) S&P 500: 7,744.1 (+0.3%) NASDAQ: 26,713.0 (+0.1%) Europe STOXX 600: 640.2 (+0.4%) Hang Seng: 24,062.7 (-1.0%) Nikkei 225: 64,425.7 (-4.9%) Straits Times: 5,403.5 (-0.4%) Brent Crude Oil: 105.7 (-0.4%) Crude Palm Oil: 4,619.0 (-1.8%) USD/MYR: 4.0800 (-0.0%)
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