Brief respite for markets but volatility remains

File pic of Bursa Malaysia screens. CIMB lowered its end-2015 target for the KLCI to 1,700 from 1,800.

PETALING JAYA: Asian markets modestly rebounded after a major four-day sell-off that wiped out more than US$2 trillion in the capitalisation of stocks around the world.

The FBM KLCI closed up 1.85 points to 1,627.96 points yesterday. The benchmark index has also exhibited increased volatility lately, having hit a one-month high of 1,660.62 points as recently as June 7.