Asian markets showed mixed performance on Friday, with Hong Kong's Hang Seng Index falling due to weak China economic data, while Singapore's Straits Times Index edged up, boosted by a rebound in US tech stocks.
Asian markets presented a mixed picture on Friday. Hong Kong's Hang Seng Index fell 0.7%, primarily influenced by weaker-than-expected China manufacturing PMI data and ongoing concerns in the property sector. Concurrently, Singapore's Straits Times Index edged up 0.2%, partly benefiting from an overnight rebound in US technology stocks, particularly the Nasdaq's 1.5% gain. Regional investors are weighing global economic growth prospects, the Federal Reserve's interest rate path, and the pace of China's economic recovery. The Malaysian market also felt this complex sentiment, with investors awaiting clearer signals.
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