Southeast Asian markets showed mixed performance today. Singapore's Straits Times Index fell 0.6%, and Hong Kong's Hang Seng Index dropped 1.1%, while US markets closed higher overnight.
Asian regional markets displayed mixed performance today, impacting the Malaysian stock market. Singapore's Straits Times Index fell 0.6% to close at 3180 points, primarily dragged down by banking and property stocks. Hong Kong's Hang Seng Index saw a larger decline, dropping 1.1% to 15,600 points, influenced by Chinese economic data and geopolitical tensions. However, US markets showed strong performance overnight, with the Dow Jones Industrial Average rising 0.8% and the Nasdaq gaining 1.2%, providing some support to regional sentiment. Analysts noted that despite cautious regional sentiment, the positive performance of US tech stocks might boost investor confidence in the short term.
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