Asian stock markets showed mixed performance today. Singapore's Straits Times Index (STI) edged up 0.3%, buoyed by positive domestic economic indicators. However, the Hong Kong Hang Seng Index (HSI) fell 1.2%, primarily impacted by weaker-than-expected Chinese economic data and lingering geopolitical tensions. This divergence reflects varying regional economic conditions and investor confidence levels.
Regional stock markets in Asia displayed mixed performance today, impacting sentiment on the Malaysian market. Singapore's Straits Times Index (STI) edged up 0.3% to 3,280 points, boosted by banking and property counters. However, the Hong Kong Hang Seng Index (HSI) fell 1.2% to 15,850 points, primarily due to concerns over slowing Chinese economic growth and a sell-off in technology stocks. Japan's Nikkei 225 also saw a slight dip of 0.2%. Overnight, US markets were largely flat, with the Dow Jones closing marginally higher, but the tech-heavy Nasdaq Composite saw a pullback. Analysts noted that regional market volatility, particularly uncertainties surrounding China's economic outlook, will continue to be a key factor influencing Southeast Asian equities.
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