SE Asia Stocks-Indonesia, Malaysia outperform other markets; Fed chair testimony awaited

Indonesia and Malaysia shares rose on
Tuesday, outperforming tepid performances by other Southeast
Asian markets as investors awaited the U.S. Federal Reserve
chairman’s congressional testimony for cues on rate cuts.
Market participants have dialled back their expectations of
a sharp rate cut by the Fed at its next meeting, after June U.S.
non-farm payrolls rose