Bursa rebounds, key Asian market climb on US Fed plan

KUALA LUMPUR: Bursa Malaysia rebounded in early Tuesday trade, in line with key Asian markets as investor confidence was boosted by the US Federal Reserve’s bond purchase programme.

At 9.31am, the FBM KLCI was up 19.98 points or 1.33% to 1,518.81. Turnover was 1.37 billion shares valued at RM681.61mil. There were 710 gainers, 95 losers and 168 counters unchanged.

Bloomberg reported Japanese, Australian and Korean shares opened up over 2%. Futures on the S&P 500 advanced after the index erased losses and closed higher Monday.

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