Major Southeast Asian and Asian markets showed mixed performance on Friday. Singapore's Straits Times Index rose 0.3%, while Hong Kong's Hang Seng Index fell 0.5%. This regional divergence had a complex impact on Bursa Malaysia, with investors closely monitoring regional dynamics.
Asian regional markets displayed a mixed performance on Friday, which had some impact on Bursa Malaysia. Singapore's Straits Times Index (STI) rose 0.3% to 3,205 points, primarily boosted by banking and technology stocks. However, Hong Kong's Hang Seng Index (HSI) fell 0.5% to 15,850 points, as investor concerns over China's economic recovery persisted. This regional divergence led to complex intra-day movements on Bursa Malaysia; despite strong local banking sector performance, overall market sentiment remained influenced by regional uncertainties. Traders noted that robust US jobs data could also affect global central banks' monetary policy paths, indirectly impacting Asian markets.
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