Asian stock markets showed mixed performance on Friday, with Singapore's Straits Times Index gaining 0.3% while Hong Kong's Hang Seng Index fell by 0.5%. Investors were weighing strong US jobs data against lingering concerns about China's economic recovery, leading to cautious trading across the region and influencing capital flows.
Asian stock markets generally presented a mixed picture on Friday. Singapore's Straits Times Index rose 0.3% to close at 3250.20 points, primarily boosted by local banking and property stocks. However, Hong Kong's Hang Seng Index fell 0.5% to 15880.10 points, dragged down by weaker economic data from China and ongoing concerns in its property sector. Strong US jobs data released overnight bolstered confidence in the resilience of the American economy but also prompted a re-evaluation of the Federal Reserve's future interest rate path. The Malaysian stock market was also influenced by regional sentiment, though domestic factors contributed to its relatively robust performance.
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