Southeast Asian markets showed mixed performance today, with Singapore's Straits Times Index gaining 0.6% while Hong Kong's Hang Seng Index fell 0.3%. Global economic outlooks and China's economic data influenced regional sentiment. Investors are navigating varying recovery speeds and policy stances across different economies.
On Thursday, stock markets across Southeast Asia presented a mixed picture. Singapore's Straits Times Index (STI) rose 0.6% to close at 3250 points, primarily supported by banking and property sectors. Investors remain optimistic about Singapore's economic recovery. In contrast, Hong Kong's Hang Seng Index (HSI) fell 0.3% to 15880 points, largely influenced by weaker-than-expected economic data from China and ongoing geopolitical tensions. Overnight, US markets provided limited direction, with the Dow Jones Industrial Average slightly down 0.1% and the Nasdaq Composite up 0.2%. Malaysia's stock market showed relative resilience amidst regional movements, with the FBM KLCI gaining 0.45%.
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