Southeast Asian markets showed mixed performance today, with Singapore's Straits Times Index gaining 0.6% on positive economic data. In contrast, Hong Kong's Hang Seng Index fell 1.2%, primarily due to concerns over China's economic outlook and regulatory uncertainties, creating a divergence in regional investor sentiment.
Today, Southeast Asian regional stock markets presented a complex picture, with major markets showing mixed performances. Singapore's Straits Times Index (STI) rose 0.6% to close at 3250 points, primarily boosted by strong local economic data and an improved global trade outlook. However, Hong Kong's Hang Seng Index (HSI) fell 1.2% to close at 15600 points, mainly due to investor concerns over the pace of China's economic recovery and persistent pressure on technology stocks. Overnight, US equities saw slight gains, providing some support to regional markets, but it was insufficient to fully offset the negative impact from China's economic data. Malaysia's stock market, supported by local institutional buying, demonstrated relatively stable performance.
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