Southeast Asian markets showed mixed performance today, with Singapore's Straits Times Index gaining 0.4% while Hong Kong's Hang Seng Index fell 0.7%. This reflects differentiated investor assessments of various economies amid ongoing global economic uncertainties.
Asian regional markets displayed mixed performances today, creating a complex impact on Bursa Malaysia. Singapore's Straits Times Index (STI) rose 0.4% to 3250.2 points, primarily boosted by banking and property stocks. Investors remained optimistic about Singapore's economic resilience. Conversely, Hong Kong's Hang Seng Index (HSI) fell 0.7% to 15680.5 points, largely dragged down by technology stocks and weaker-than-expected economic data from China. In the US market, the Dow Jones Industrial Average edged up 0.1% overnight, while the Nasdaq Composite Index declined 0.3%, indicating cautious sentiment towards tech stocks. These mixed signals from regional and global markets led Malaysian investors to trade cautiously today, yet also provided opportunities for specific sectors like energy and finance.
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