Asian stock markets showed mixed performance on Friday, with Singapore's Straits Times Index posting modest gains, while Hong Kong's Hang Seng Index faced pressure due to China's economic data and geopolitical concerns.
Major Asian stock markets displayed varied movements on Friday. Singapore's Straits Times Index rose 0.3% to close at 3205 points, benefiting from strong local banking stocks. However, Hong Kong's Hang Seng Index fell 0.8% to 16580 points, primarily influenced by weaker-than-expected manufacturing data from China and ongoing US-China geopolitical tensions. Overnight, US markets closed slightly higher but failed to fully lift Asian sentiment. Investors generally remained cautious about the global economic outlook, especially with the Federal Reserve's future interest rate path still unclear. The Malaysian market was also affected by this regional sentiment, contributing to the FBM KLCI's slight dip.
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