Last week, Southeast Asian markets showed mixed performance, with Singapore and Hong Kong strengthening, while Malaysia was affected by a global tech stock correction. Investors are closely watching the US Federal Reserve's policy direction.
Last week, regional stock markets showed mixed performance. Singapore's Straits Times Index rose by 0.8%, and Hong Kong's Hang Seng Index also recorded a 0.5% gain, primarily boosted by improving Chinese economic data and better investor sentiment. However, Malaysia's FBM KLCI was pressured by a global tech stock correction, particularly the decline in the US Nasdaq index, which indirectly affected local technology-related shares. Investors are generally focused on the upcoming minutes from the US Federal Reserve (Fed) meeting, seeking clues on future monetary policy direction. Analysts noted that concerns over global economic slowdown and geopolitical risks will continue to pose challenges to regional markets. The Malaysian market may remain volatile in the short term, influenced by external factors.
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