KUALA LUMPUR: Bursa Malaysia rallied in tandem with regional markets on speculation US President Donald Trump's trade tariffs will not be as widespread as initially feared.
The FBM KLCI rose 10.39 points to 1,514.21 with most of its blue-chip constituents recovering from beaten-down price levels.
Bank stocks gained, including Maybank up eight sn to RM10.24, CIMB rising 11 sen to RM7.03, Hong Leonhg Bank rising 10 sen to RM20.22 and RHB climbing six sen to RM6.77.
YTL Power rose seven sen to RM3.45, Tenaga Nasional added four sen to RM13.60 and Gamuda added three sen to RM3.96.
There were slightly more advancing issuers than decliners, giving the market a positive ratio of 1.17-to-1.
Volume was 1.95 billion, trading for a total value of RM1.2bil.
Meanwhile, China's composite index was down 0.18% to 3,365 while Hong Kong's Hang Seng dove 2.17% to 23,387.
A tech sell-off weighed on China's markets as investors fretted over stretched valuations ahead of Xiaomi's planned share sale.
Japan's Nikkei rose 0.24% to 37,698 and Singapore's Straits Times index added 0.8% to 3,967.
