Market Roundup 7 August 2026 - KAOHOON INTERNATIONAL

• The August 7, 2026, edition of Daily Newswatch provides an overview of corporate developments, privatization proposals, and economic forecasts within the Malaysian and US markets. • Technical analysis for Mah Sing Group Berhad (8583) indicates a bullish trend, with an upward parallel channel and a recent breakout suggesting potential for further gains.

• IBM has underperformed the broader market over the past year, though Wall Street analysts maintain a cautiously optimistic outlook for the stock. • For the fiscal year ending in December, analysts project a 6.5% growth in diluted earnings per share (EPS), reaching $12.34.

• Asian stock markets closed with mixed results on Friday, August 7, 2026, as investors balanced Middle East geopolitical tensions against strong corporate earnings. • China's SSE Composite and Hong Kong's Hang Seng Index recorded gains, driven largely by bargain hunting following recent market declines.

• The SET Index is currently trading sideways as investors maintain a cautious stance amid a lack of significant new market drivers. • Market participants are closely monitoring geopolitical tensions in the Middle East, specifically focusing on negotiations regarding the reopening of the Strait of Hormuz.

• European stock markets, including the DAX, CAC, and FTSE 100, are on track for their strongest weekly performance since late June. • Major regional indices have reached fresh record highs, driven by a robust round of corporate earnings that has bolstered investor sentiment.

• The European Central Bank (ECB) is hosting and partnering on several high-level academic conferences and seminars focused on economic policy and financial stability. • Key events include a joint conference with the Journal of Money, Credit and Banking celebrating its 50th anniversary, and a workshop with the Centre for Economic Policy Research on household heterogeneity.

• Major US stock indices rallied today, with the Nasdaq 100 leading gains at +0.89%, followed by the S&P 500 (+0.37%) and the Dow Jones Industrial Average (+0.14%). • The surge was triggered by July nonfarm payrolls data showing an unexpected decline in jobs and lower-than-anticipated growth in average hourly earnings.

• Global markets turned cautious as the Dow Jones ended its record streak with a 464-point drop, while the S&P 500 and Nasdaq closed lower due to rising US Treasury yields and weak chip-maker earnings. • Brent crude futures rose above $83 per barrel and US WTI futures climbed to $78.84, driven by renewed geopolitical tensions near the Strait of Hormuz.

• The benchmark KSE-100 Index closed the week ending August 7, 2026, at 181,430.02 points, marking a significant weekly gain of 5,335.90 points. • This represents a 3.03% increase on a week-on-week basis, signaling strong bullish momentum in the market.

• European stock markets closed higher on Friday, driven by positive corporate earnings and encouraging economic data. • Market sentiment was further bolstered by weak U.S. jobs data, which increased expectations that the Federal Reserve may delay raising interest rates.

• The European Union has experienced a significant economic decline over the last two decades, losing its former lead over the U.S. economy. • This downturn was driven by a series of systemic shocks, including the Great Recession, the COVID-19 pandemic, and the geopolitical instability of Brexit.