On February 5, Southeast Asian markets showed mixed performance. Singapore's Straits Times Index dipped 0.1%, while Hong Kong's Hang Seng Index rose 0.3%. A rebound in US tech stocks overnight provided a glimmer of optimism for regional sentiment, influencing tech-heavy indices positively despite broader caution.
Major Southeast Asian stock markets showed mixed performance today. Singapore's Straits Times Index (STI) dipped slightly by 0.1% to 3,180 points, mainly due to profit-taking in banking stocks. Hong Kong's Hang Seng Index (HSI) rose 0.3% to 15,850 points, benefiting from expectations of further economic stimulus in China. Overnight, US stock markets, particularly tech shares, rebounded strongly driven by robust corporate earnings, with the Nasdaq gaining 1.2%. This provided a positive sentiment boost for Asian tech stocks. Nevertheless, investors remained cautious about global economic slowdowns and geopolitical risks. Malaysia's FBM KLCI was also influenced by this mixed sentiment, ultimately closing with a slight gain.
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