Asian stock markets traded broadly higher today, buoyed by a strong rebound in Wall Street's technology stocks overnight. Singapore and Hong Kong markets showed particularly robust performances, contributing to positive regional sentiment. This global tech recovery, coupled with easing inflation concerns, provided a significant tailwind for investors across Asia.
Asian stock markets generally recorded gains today, primarily influenced by the strong rebound in Wall Street's technology stocks overnight. The rise in the Nasdaq Composite boosted investor confidence in tech shares. Singapore's Straits Times Index climbed 0.7%, while Hong Kong's Hang Seng Index surged 1.2%, largely driven by tech giants and financial stocks. Japan's Nikkei 225 also rose 0.5%. This positive regional sentiment spilled over into Malaysia, providing upward momentum for the Kuala Lumpur Composite Index (KLCI). Investors are closely monitoring the monetary policy direction of global central banks and economic data from major economies. Despite ongoing geopolitical risks, market expectations for a global economic soft landing have strengthened, prompting capital inflows into risk assets.
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