PETALING JAYA: Malaysian stocks rose yesterday after a surprise interest rate cut in the United States helped calm nervous investors. Most Asian bourses extended gains for a second day, except those in Hong Kong, India, Thailand, Pakistan, Vietnam and Sri Lanka.
The KL Composite Index (KLCI) leapt more than 50 points or 4% on the opening bell after trade resumed following a one-day break. The benchmark index ended 28.87 points, or 2.13%, higher at 1,383.35 points.
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