Investors return to local equities as global outlook improves


KUALA LUMPUR: Bursa Malaysia tracked a surge on Wall Street overnight as investors renewed buying in equities on hopes that the worst was over for the Covid-19 pandemic, and even as the demand outlook for crude oil brightened.

Global equities were generally higher on Tuesday on the heels of a 7.7% jump in the Dow Jones overnight as the latest daily tally of new coronavirus cases in the US fell under 30,000 while there were also improvements recorded in Italy.

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