Bursa to erase 2020 loss in Southeast Asia’s first

The FTSE Bursa Malaysia KLCI index briefly wiped out 2020 losses in early trading. It was up 1.8% as of 10:15 a.m. in Kuala Lumpur.

KUALA LUMPUR: Malaysian stocks were set to erase year-to-date losses, which would make it the first market in Southeast Asia to do so, as the country prepares to further ease its lockdown while expanding its stimulus measures.

The FTSE Bursa Malaysia KLCI index briefly wiped out 2020 losses in early trading. It was up 1.8% as of 10:15 a.m. in Kuala Lumpur.