Major Asian stock markets closed broadly higher today, boosted by expectations of earlier interest rate cuts by the US Federal Reserve. Singapore and Hong Kong markets showed strong performance, contributing to positive regional sentiment.
On February 5, 2026, Asian stock markets generally trended upwards, as investors grew optimistic about the US Federal Reserve potentially beginning interest rate cuts in the coming months. Singapore's Straits Times Index rose 0.7% to close at 3250 points, while Hong Kong's Hang Seng Index recorded a significant gain of 1.1%, closing at 16080 points. This positive regional sentiment provided external support to the Malaysian stock market, although the KLCI's gains were relatively modest. Strong overnight performance in US equities, led by technology stocks, also contributed to positive spillover effects in Asian markets. Analysts noted that improved global liquidity expectations and rumors of economic stimulus measures in China collectively boosted regional investors' risk appetite. However, geopolitical risks and concerns over global supply chain disruptions persist.
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