Major Southeast Asian stock markets showed mixed performance on Friday, with Singapore's Straits Times Index dipping slightly while Hong Kong's Hang Seng Index rose. Market sentiment was broadly supported by expectations of potential mid-year interest rate cuts by the US Federal Reserve.
On Friday, Asian regional stock markets showed mixed performance. Singapore's Straits Times Index fell 0.2% to 3,185 points, primarily dragged down by technology and property stocks. Meanwhile, Hong Kong's Hang Seng Index rose 0.5% to 16,050 points, driven by optimism over China's economic stimulus measures. US markets closed higher overnight, with the Dow Jones Industrial Average up 0.3% and the Nasdaq up 0.5%, primarily boosted by strong corporate earnings and continued expectations of Fed rate cuts. This external environment provided some support to the Malaysian stock market, although local investors remained cautious.
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