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Asia300

Singapore stocks hit 2-year highs as banks rally; Malaysia shares advance

SINGAPORE (Nikkei Markets) -- Singapore shares rose Thursday to new two-year highs, led by banking stocks after Oversea-Chinese Banking Corp. reported better-than-expected earnings.

Malaysia shares also advanced, joining an Asian equity rally, as U.S. bond yields and the dollar fell after the Federal Reserve's monetary policy decision overnight.

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