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Nikkei Markets

Malaysia, Singapore markets shed about 1% each this week

Bank stocks weigh as investors await US-China trade talks outcome

KUALA LUMPUR (Nikkei Markets) -- Malaysia and Singapore shares fell Friday, dragging the benchmarks to weekly losses amid soft Asian markets as investors turned risk averse awaiting outcome of the ongoing U.S.-China trade talks.

The Straits Times Index ended 0.9% lower to close at 3,545.38, while the FBM KLCI dropped 0.5% at 1841.83 due to losses in banking stocks. Both gauges shed about 1.0% this holiday-shortened week.

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