Southeast Asian regional markets exhibited mixed performance today. Singapore's Straits Times Index rose 0.3%, buoyed by technology and banking stocks. In contrast, Hong Kong's Hang Seng Index fell 0.5%, influenced by uncertainties in China's economic data. Overnight gains in US markets provided some support to Asian trading sessions.
Southeast Asian regional markets displayed varied performances today. Singapore's Straits Times Index (STI) gained 0.3% to 3250 points, primarily supported by technology giants and banking stocks, with DBS Group rising 0.5% and Seatrium up 1.2%. Concurrently, Hong Kong's Hang Seng Index (HSI) fell 0.5% to 15680 points, as market doubts lingered over the strength of China's economic recovery. Overnight, US equities closed higher, with the Dow Jones Industrial Average and Nasdaq Composite Index rising 0.4% and 0.7% respectively, providing some positive sentiment for Asian market openings. However, investors remained cautious ahead of key economic data releases, leading to generally subdued trading volumes across the region.
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