Asian stock markets were mostly lower on Monday, as investors grew concerned about the timing of the US Federal Reserve's interest rate cuts. Hong Kong's Hang Seng Index fell 1.5%, and Singapore's Straits Times Index dropped 0.8%, dragging regional sentiment.
Asian stock markets mostly traded lower on Monday, primarily influenced by ongoing uncertainty surrounding the timing of interest rate cuts by the US Federal Reserve. Hong Kong's Hang Seng Index fell 1.5% to 16,350 points, while Singapore's Straits Times Index also dropped 0.8% to close at 3,150 points. Japan's Nikkei 225 also saw a slight decline of 0.2%. Investors are closely monitoring upcoming US economic data for further clues on the Fed's policy path. This cautious sentiment spilled over into Southeast Asian markets, contributing to the downward pressure on Malaysia's KLCI. Analysts suggest that regional markets are likely to remain volatile until clearer signals emerge from the Federal Reserve.
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