Southeast Asian markets saw mixed performance this week. Singapore's Straits Times Index fell 0.5%, and Hong Kong's Hang Seng Index dropped 1.1%, influenced by China's economic data and global interest rate outlook. The Malaysian market remained relatively stable.
Regional equity markets displayed mixed trends this week, impacting Malaysian market sentiment. Singapore's Straits Times Index (STI) declined by 0.5% to close at 3180 points, primarily dragged by concerns over global economic slowdown and weaker local manufacturing data. Hong Kong's Hang Seng Index (HSI) showed a more subdued performance, falling 1.1% for the week to below 15800 points, influenced by uncertainties in China's economic recovery and the US interest rate outlook. Despite this, Malaysia's FBM KLCI remained relatively stable, registering only a modest decline of 0.8%, demonstrating some resilience. Analysts noted that despite regional headwinds, Malaysia's domestic economic fundamentals and stable monetary policy provided support. Investors are closely monitoring upcoming economic data from China and the US to assess their potential impact on regional markets.
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