Asian markets showed mixed performance on Tuesday. Hong Kong's Hang Seng Index fell 0.9%, dragged by tech stocks, while Singapore's Straits Times Index (STI) gained 0.4%, boosted by strong banking counters.
Asian equity markets traded with mixed sentiment on Tuesday. Hong Kong's Hang Seng Index dropped 0.9% amid persistent concerns over China's economic slowdown and continued sell-offs in technology stocks. Conversely, Singapore's Straits Times Index (STI) advanced 0.4% to close at 3250 points, largely lifted by major banking counters like DBS and OCBC. Regional investors are weighing the uncertainties surrounding the US Federal Reserve's next move on interest rates. The Malaysian market (KLCI) performed relatively flat, sitting in the middle of the regional spectrum, demonstrating local resilience to global volatility but still influenced by neighboring market sentiment.
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