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Singapore stocks edge higher on OCBC gains; Malaysia shares little changed

SINGAPORE (Nikkei Markets) -- Singapore shares rose Tuesday, helped by gains in Oversea-Chinese Banking Corp. ahead of earnings and after its insurance arm reported second-quarter profit more than doubled. Malaysia stocks were little changed.

OCBC advanced 1.3% after insurance unit Great Eastern Holdings said second-quarter net profit more-than-doubled to S$279.5 million ($205 million), helped by strong contributions from agencies and bancassurance business. The lender reports June quarter earnings before the market opens Thursday.

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