Market Pulse - 19Oct23 - Negative trading tone may persist

Sector focus: Given the weaker market conditions from Wall Street coupled with the softer result from Tesla, the technology sector may take a beating today. We expect that the investors may shift their risk appetite towards defensive sector such as the Telco and Utilities, while REIT may turn attractive at least for the near term. Besides, the Energy sector may stay relevant under the firmer crude oil environment. 

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