Bursa rebounds in line with region

Japanese businessmen walk past an electric quotation board flashing share prices of the Tokyo Stock Exchange. The Nikkei 225 index was up 13.74 points to 17,635 yesterday in Tokyo. – AFP

PETALING JAYA: Equity markets across Asia jumped, led by a sharp rebound on Bursa Malaysia, as buyers waded in to pick up battered stocks after a heavy sell-off by foreign investors last week brought valuation down to attractive levels.

The fact that the price of Brent crude oil surged as much as 2.6% to US$62.97 a barrel earlier yesterday is also helping to boost sentiment in the market.