Asian Markets Mixed as US Influences, Cautious Sentiment Prevails

February 28, 2026

Global Markets

Reuters

Asian markets showed mixed performance on Friday, largely influenced by the varied movements in US markets overnight. Investors remained cautious regarding the timing of the Federal Reserve's interest rate cuts and the global economic outlook. Hong Kong's Hang Seng Index fell 0.8%, while Singapore's Straits Times Index edged up 0.2%, reflecting regional divergence.

Major Asian stock markets closed mixed on Friday. Japan's Nikkei 225 Index rose 0.4%, benefiting from a weaker yen and optimistic corporate earnings. However, Hong Kong's Hang Seng Index fell 0.8%, primarily dragged down by technology and property stocks. Singapore's Straits Times Index edged up 0.2%. Markets are generally focused on US economic data and statements from Federal Reserve officials for clues on future monetary policy direction. Investor concerns about slowing global economic growth and geopolitical risks also contributed to market volatility. The Malaysian stock market was not immune, with the FBM KLCI closing marginally lower amid cautious regional sentiment.

View Source: Reuters

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