Most Southeast Asian stock markets rose against the backdrop of reduced expectations for a U.S. rate hike in September. The Singapore market is reported to have hit a new record high.
In mid-session trading on the 4th, stock prices rose in many Southeast Asian markets against the backdrop of reduced expectations for a U.S. rate hike in September. Although the factors supporting buying interest vary from market to market, improved investor risk appetite is believed to have played a role.
The Singapore market drew particular attention, with reports that its key index had reached a new high. Market trends are said to remain subject to fluctuations depending on the course of U.S. monetary policy.
Overall, Southeast Asian markets are reported to have maintained a broadly upward trend, with some saying that future developments will provide a test depending on additional factors.