Regional Asian markets mostly trended higher today, with Singapore's Straits Times Index gaining 0.6% and Hong Kong's Hang Seng Index rising 0.9%, providing positive external support for the Kuala Lumpur Composite Index.
Asian regional stock markets generally displayed a positive trend on Thursday, providing a favorable external environment for Malaysia's stock market. Singapore's Straits Times Index (STI) rose 0.6% to close at 3250 points, primarily driven by banking and technology stocks. Hong Kong's Hang Seng Index (HSI) also showed robust performance, gaining 0.9% to settle at 16200 points, benefiting from expectations of China's economic stimulus measures. Overnight, US markets were mixed, with the Dow Jones Industrial Average slightly down 0.1%, while the Nasdaq Composite advanced 0.3%, indicating continued demand for technology stocks. This regional optimism, coupled with the resilience of US tech stocks, collectively supported the performance of the Kuala Lumpur Composite Index (KLCI), enabling it to withstand some internal selling pressure. Investors are closely monitoring regional trade data and central bank policy actions to assess future market movements.
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