Stocks soar on data centre boom

Benchmark FBM KLCI is hovering near three-and-a-half-year highs and up five quarters in a row, its longest streak in 13 years.

SINGAPORE: Malaysian equities are on a tear led by builders and suppliers on the back of a data centre boom driven by artificial intelligence (AI), putting a long-overlooked market back on the radar of global investors.

Benchmark FBM KLCI is hovering near three-and-a-half-year highs and up five quarters in a row, its longest streak in 13 years. A year-to-date gain of 12% is by far the biggest in South-East Asia.