Major Southeast Asian stock markets mostly rose today, positively influenced by dovish remarks from US Federal Reserve officials and recent economic stimulus measures implemented by the Chinese government. This provided a boost to investor confidence across the region, with Singapore and Hong Kong leading gains.
Today, major Southeast Asian stock markets generally showed an upward trend. Singapore's Straits Times Index (STI) rose by 0.7%, while Hong Kong's Hang Seng Index (HSI) surged by 1.5%. This positive performance was primarily attributed to recent dovish remarks from US Federal Reserve officials, hinting at potential future interest rate cuts, which boosted global risk appetite. Furthermore, a series of stimulus measures introduced by the Chinese government to stabilize economic growth also injected confidence into regional markets. Malaysia's KLCI index was also buoyed by these factors, albeit with a relatively moderate gain. Investors broadly believe that the policy directions of the world's two largest economies will continue to dictate the short-term performance of regional markets.
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