KUALA LUMPUR: The FBM KLCI outperformed most of the region's stock benchmarks as it retraced the previous day's losses on optimism that a global equities rally will survive the armed fallout in the Middle East.
While stock valuations on Wall Street stayed mostly intact overnight due to heavy investment in the AI theme, Asian markets drifted lower amid fears over rising inflation from surging crude oil prices and higher interest rates.
