Southeast Asian stock markets generally trended higher today, with Singapore's Straits Times Index gaining 0.7% and Hong Kong's Hang Seng Index rising 1.1%. This positive momentum was largely driven by the rebound in US technology stocks overnight, which lifted investor sentiment across the region. The improved global risk appetite and expectations of a stable interest rate environment also contributed to the upbeat trading session.
Major Southeast Asian stock markets generally showed an upward trend today, primarily boosted by the positive sentiment from a strong rebound in US technology stocks overnight. Singapore's Straits Times Index climbed 0.7% to close at 3,250 points, while Hong Kong's Hang Seng Index performed even more robustly, gaining 1.1% to settle at 15,880 points. Investor concerns about the global economic outlook eased, leading to a recovery in risk appetite. Furthermore, stable expectations regarding the US Federal Reserve's future interest rate path provided support for regional equity markets. Although Malaysia's KLCI saw relatively moderate gains, the positive performance of regional markets helped stabilize local investor sentiment, particularly for export-oriented companies that stand to benefit from increased regional trade activities.
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