Asian markets, Bursa rally on positive China's tariffs offer

Leading the rebound and sending the KLCI higher were Public Bank, MISC, Maybank and Tenaga Nasional.

KUALA LUMPUR: Key Asian markets rallied between 1% and nearly 3% on Thursday, underpinned by China's move to slash tariffs by half on US goods amid concerns about the coronavirus outbreak.

At 5pm, the KLCI was up 15.98 points or 1.04% to 1,552.77 but year-to-date, it is down 2.27%. Turnover was 3.08 billion shares valued at RM2.47bil. Advancers led declines more than two to one. There were 673 gainers, 292 losers and 316 counters unchanged.