‘Good news’ for bourse

The FBM KLCI is expected to hold between 1,550 and 1,600 points with potential upside.

PETALING JAYA: It was a much-needed boost for investors as the United States and China agreed to a trade truce, causing major equity markets to soar.

The S&P 500 Index jumped 3.3%, notching its best day since April 9, while the Nasdaq 100 Index advanced 4%, nearly erasing its year-to-date losses.