KUALA LUMPUR: Key Asian markets including Bursa Malaysia staged a rebound early Tuesday, tracking the firmer overnight close on Wall Street as worries about a trade war eased.
At 9.25am, the KLCI was up 4.31 points or 0.23% to 1,846.93. Turnover was 418.92 million shares valued at RM191.82mil. There were 424 gainers, 102 losers and 225 counters unchanged.
Asian share regained some ground on Tuesday after US President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium tariffs, easing investor worries about an imminent trade war, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% while Japan's Nikkei jumped 2%, a day after it hit a five-month low.
MSCI's broadest gauge of the world's stock markets snapped four-day losing streak on Monday by notching up 0.67%. It added 0.16% in Asia on Tuesday.
At Bursa Malaysia, Press Metal
rebounded 17 sen to RM5.14 and boosted the KLCI.
Nestle was the top gainer, up RM2.20 to RM130.10 while BAT added 34 sen to RM28.38 and Ajinomoto 16 sen to RM22.52.
Furniture maker Wegmans rose one sen to 30 sen on its debut on thr ACE Market. It was the most active with 29.92 million shares done.
Hengyuan rebounded 68 sen to RM11.06 and Petron 42 sen to RM10.14.
Hartalega gained 24 sen to RM11.24, HLFG 20 sen to RM19.18 and MPI 19 sen to RM8.99.
Panasonic and HL Industries each fell 30 sen to RM34.60 and RM11, Padini and KL Kepong were down 10 sen each to RM4.98 and RM25.30.
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