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Nikkei Markets

Malaysia, Singapore shares climb as banks gain

Investors still cautious as U.S. seeks to resume trade talks with China

KUALA LUMPUR (Nikkei Markets) -- Malaysia shares rebounded Thursday and Singapore extended gains as news that the U.S. has proposed resuming trade talks with China lifted banking stocks.

The FBM KLCI ended 0.4% higher at 1792.60 while Straits Times Index closed 0.2% higher at 3,131.77. Singapore's DBS Group Holdings, Oversea-Chinese Banking Corp., and United Overseas Bank edged up 0.8%, 0.9% and 0.6% respectively. CIMB Group Holdings surged 3.2% in Malaysia.

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