Southeast Asian stock markets showed mixed performance today, with Singapore and Hong Kong markets edging lower, while Malaysia recorded a slight gain. Hawkish comments from US Federal Reserve officials influenced regional sentiment, prompting caution among investors.
KUALA LUMPUR, Feb 5 – Regional stock markets exhibited mixed performance today, reflecting complex investor sentiment regarding global economic prospects and interest rate trajectories. Singapore's Straits Times Index fell 0.3%, and Hong Kong's Hang Seng Index dropped 0.5%, primarily due to tech stock sell-offs and weaker economic data from China. Meanwhile, US markets closed mixed overnight, with the Dow Jones Industrial Average gaining slightly while the Nasdaq declined. Recent hawkish comments from US Federal Reserve officials, hinting at no premature rate cuts, instilled caution across global markets. Malaysia's FBM KLCI, however, bucked the trend with a modest 0.25% gain, supported by local institutional buying.
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