Regional Markets Mostly Up, Singapore and Hong Kong Show Strength

March 7, 2026

Global Markets

Reuters

Southeast Asian regional markets mostly closed higher on Friday, with Singapore's Straits Times Index and Hong Kong's Hang Seng Index both recording significant gains. Positive sentiment from Wall Street's overnight performance influenced regional trading.

Southeast Asian regional markets generally trended upwards on Friday, boosted by positive overnight performance on Wall Street. Singapore's Straits Times Index (STI) rose 0.7% to 3,250 points, primarily driven by banking and property stocks. Hong Kong's Hang Seng Index (HSI) also recorded a significant gain of 1.1%, closing at 16,680 points, with technology and financial sectors performing particularly well. Despite global economic headwinds, regional investors' optimism regarding China's economic recovery and expectations of US interest rate cuts provided market support. Malaysia's FBM KLCI also closed marginally higher, showing a trend in line with regional markets, but with a relatively smaller gain, reflecting continued caution among local investors.

View Source: Reuters

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