Singapore's Straits Times Index rose 0.8% and Hong Kong's Hang Seng Index gained 1.1%, providing a positive external environment for Bursa Malaysia. Overnight gains in US markets also boosted Asian market sentiment.
Asian regional stock markets generally showed strength today, providing a favorable external environment for Malaysia's Bursa Malaysia. Singapore's Straits Times Index rose 0.8% to close at 3,210 points, primarily boosted by banking and technology stocks. Hong Kong's Hang Seng Index surged even higher, gaining 1.1% to break above the 16,000-point mark, benefiting from optimism surrounding China's economic recovery. Furthermore, the positive performance of US stock markets overnight, particularly the strong rally in technology shares, further enhanced risk appetite across Asian markets. Analysts point to improving global economic growth expectations and easing inflationary pressures as key drivers for the regional market uptrend. This positive regional spillover effect helps attract more foreign capital into the Malaysian market.
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