Major Asian stock markets broadly advanced today, following an overnight rally on Wall Street, providing a positive boost to Malaysian market sentiment. Singapore and Hong Kong markets showed particular strength, driven by optimism over global economic recovery and corporate earnings. This regional buoyancy helped offset some local uncertainties.
On February 5, 2026, Asian stock markets generally trended upwards, injecting positive momentum into the Malaysian market. The strong overnight performance on Wall Street, particularly the rebound in tech stocks, set an optimistic tone for the region. Singapore's Straits Times Index climbed 0.7%, while Hong Kong's Hang Seng Index surged 1.2%, boosted by better-than-expected economic data from China. This regional buoyancy effectively counteracted some internal caution in the Malaysian market, leading investors to show greater interest in export-oriented companies and regional banking stocks. Analysts noted that expectations of a synchronized global economic recovery and hopes for major central banks to slow their tightening pace were key drivers for the Asian market rally.
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