KUALA LUMPUR: Bursa Malaysia bounced higher on Tuesday following the start of the US Federal Reserve's corporate bond-buying programme even as data showed new Covid-19 infections in Beijing are being reined in.
Global markets, teetering on the edge a steep correction, heaved a sigh of relief at the stimulus. Japan's Nikkei surged 4.1% while South Korea's Kospi soared 4.3%. In China, Shanghai's Composite Index gained 0.9% while Hong Kong's Hang Seng climbed 3%.
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