On Friday, Southeast Asian markets displayed mixed performances, reflecting varied regional drivers. Singapore's Straits Times Index (STI) rose 0.6% to 3,250 points, buoyed by strong banking sector earnings and positive economic data. Conversely, Hong Kong's Hang Seng Index (HSI) dipped 0.3% to 16,050 points, primarily due to ongoing concerns about China's property sector and geopolitical tensions. This divergence influenced investor sentiment across the broader ASEAN region.
On Friday, regional financial markets displayed divergent trends, impacting the Malaysian stock market. Singapore's Straits Times Index (STI) showed strong performance, rising 0.6% to close at 3,250 points, primarily benefiting from robust banking sector performance and positive economic data. Concurrently, Hong Kong's Hang Seng Index (HSI) dipped 0.3% to 16,050 points, weighed down by persistent concerns over China's property sector and geopolitical tensions. This regional divergence led investors to be more cautious in assessing risks and opportunities in the Malaysian market, consequently affecting capital flows. A slight overnight gain in US markets provided some support, but internal regional factors remained dominant.
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