Malaysia’s Growth Slows in Q3; China’s Consumption Rebounds, Home Prices Decline at Slower Pace

In a key market update, Federal Reserve Chairman Jerome Powell stated that there is no immediate need for rate cuts, despite ongoing economic strength in the US. Meanwhile, Malaysia’s economy showed slower growth in the third quarter of the year, signaling potential challenges ahead. On the other hand, China saw a rebound in consumer spending, although home prices continued to fall at a slower rate, reflecting a gradual stabilization in the housing market.

In Singapore, Goodwill Entertainment made its trading debut, starting at S$0.21, which is 5% above its IPO price, signaling positive investor sentiment. This daily roundup offers insight into key market developments in the region.