Southeast Asian stock markets showed mixed performance on Tuesday, with Singapore and Hong Kong experiencing slight declines, primarily influenced by the previous night's pullback in US technology stocks. This contagion effect weighed on investor sentiment.
Major Southeast Asian stock markets displayed divergent trends on Tuesday. Singapore's Straits Times Index fell 0.3% to 3180 points, while Hong Kong's Hang Seng Index declined 0.5% to close at 16450 points. This cautious sentiment largely stemmed from a broad pullback in US technology stocks overnight, with the Nasdaq index dropping over 1%. Investors are currently assessing US inflation data and the Federal Reserve's future monetary policy path. In contrast, Indonesia's Jakarta Composite Index saw a marginal gain of 0.1%. Malaysia's KLCI was also influenced by regional sentiment but experienced limited losses. Global economic uncertainties and geopolitical risks continue to impact risk appetite across Asian markets.
Share: