Southeast Asian markets generally rose on Friday, buoyed by a strong rebound in US tech stocks and improving regional economic data. Singapore's Straits Times Index gained 0.7%, while Hong Kong's Hang Seng Index rose 1.2%.
On Friday, Southeast Asian stock markets generally displayed a positive trend, primarily driven by a robust rebound in US technology stocks. Overnight, the Nasdaq index surged 1.5%, boosting global investor risk appetite. Regionally, Singapore's Straits Times Index climbed 0.7% to 3,250 points, while Hong Kong's Hang Seng Index soared an impressive 1.2% to 16,800 points, reflecting market optimism about China's economic recovery. Furthermore, recently released regional economic data, such as improvements in manufacturing PMI indices, provided additional market support. Analysts noted that the gradual recovery of global supply chains and the easing of inflationary pressures in major economies are creating a more favorable investment environment for Asian markets. This positive sentiment is expected to persist in the short term.
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