Southeast Asian and North Asian markets showed mixed performances on Friday. Singapore's Straits Times Index fell 0.2%, and Hong Kong's Hang Seng Index dropped 0.5%, reflecting investor concerns over slowing global economic growth. Despite some positive cues from Wall Street, regional sentiment remained cautious, with traders consolidating positions ahead of key economic data releases next week.
Regional markets in Asia displayed mixed performances on Friday, with Singapore's Straits Times Index (STI) declining 0.2% to 3,180 points, and Hong Kong's Hang Seng Index (HSI) dropping 0.5% to 15,850 points. This cautious sentiment was largely influenced by concerns over slowing global economic growth and uncertainties regarding the US Federal Reserve's future monetary policy path. Despite strong overnight performances on Wall Street, Asian investors remained on the sidelines, particularly amid mixed economic data from China. The rise in Malaysia's KLCI index stood out, showcasing the resilience of the local market. Analysts noted that regional markets would continue to be significantly impacted by global macroeconomic factors in the short term.
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