Southeast Asian regional markets showed mixed performance on Friday. Singapore's Straits Times Index rose 0.3%, while Hong Kong's Hang Seng Index fell 0.5%. US market data and China's economic concerns influenced regional sentiment.
On Friday, Asian regional markets generally exhibited mixed trends. Singapore's Straits Times Index (STI) closed 0.3% higher at 3,180.20 points, primarily supported by banking stocks and real estate investment trusts. Concurrently, Hong Kong's Hang Seng Index (HSI) fell 0.5% to close at 15,850.10 points, mainly dragged down by weak economic data from China and a correction in technology stocks. US markets performed modestly overnight, with the Dow Jones Industrial Average posting a slight gain while the Nasdaq Composite saw a marginal dip, contributing to a cautious sentiment across Asian markets. Investors are still digesting comments from Federal Reserve officials and awaiting upcoming US employment data. Overall, regional markets are in a holding pattern, awaiting clearer global economic signals to determine their next direction.
Share: