Major Southeast Asian markets showed mixed performance on Friday, with Singapore and Hong Kong posting modest gains, while adjusted expectations for US interest rate cuts continued to influence investor sentiment across the region. Global economic data also played a role in shaping market directions.
Southeast Asian regional markets displayed a mixed performance on Friday. Singapore's Straits Times Index (STI) edged up 0.2% to close at 3,205 points, supported by banking and property counters. Hong Kong's Hang Seng Index (HSI) also gained 0.35% to 16,050 points, buoyed by a rebound in technology stocks. However, markets in Indonesia and Thailand saw slight declines. Investors continue to closely monitor the US Federal Reserve's monetary policy path, with recent strong US economic data leading to a recalibration of expectations for Fed rate cuts, introducing some uncertainty into regional markets. Despite this, the Malaysian stock market showed relative resilience, benefiting from domestic economic robustness and stable commodity prices.
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