KUALA LUMPUR: Maybank and CIMB led the FBM KLCI higher by 3.25 points in volatile morning trading, with O&G and lower liners also providing support to the market on a day when Asian equities were lifted by a 4.5% overnight surge in oil price to US$48.69 at one point.
Japan’s Nikkei jumped 1.46% to 17.041.82 on the oil rebound, as well as the retreat in the yen against the dollar. With the notable exception of Seoul, the major markets in Asia showed some gains.
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