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Singapore shares gain tracking Wall Street, Malaysia little changed

SINGAPORE (NewsRise) - Shares in Singapore rebounded Wednesday, led by robust gains in Thai Beverage after it reported strong quarterly earnings, and as Wall Street scaled record highs for a fourth consecutive session following Federal Reserve Chair Janet Yellen's congressional testimony. Malaysian shares eked out marginal gains.

Singapore's FTSE Straits Times index rose 0.5% at 3,088.48, recovering from yesterday's 1.3% fall. Thai Beverage added 6.8% to 94 cents after it reported a 28% jump in net profit for the December quarter. Ascendas Real Estate Investment Trust slipped as much as 0.8% intraday before ending unchanged at S$2.47 and CapitaLand Mall Trust dropped 0.5% to S$1.98, weighed down by a rise in U.S. bond yields.

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