Southeast Asian markets showed mixed performance on Friday. Singapore's Straits Times Index rose 0.3%, while Hong Kong's Hang Seng Index fell 0.8% due to weaker economic data from China. US markets closed mixed overnight.
Major Southeast Asian markets displayed mixed performance on Friday, reflecting cautious investor sentiment across the region ahead of the Lunar New Year holidays. Singapore's Straits Times Index (STI) gained 0.3% to 3210.50, supported by banking and technology counters. However, Hong Kong's Hang Seng Index (HSI) fell 0.8% to 15680.20, primarily dragged down by weaker-than-expected manufacturing PMI data from China, raising concerns about its economic growth. Overnight, US markets closed mixed, with the Dow Jones Industrial Average posting a slight gain while the Nasdaq Composite edged lower. This complex global and regional backdrop influenced sentiment on Bursa Malaysia.
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