KUALA LUMPUR (Nikkei Markets) -- Malaysian shares shrugged off initial jitters from a shock poll verdict to rally Monday to a two-week high as investors drew comfort from a smooth transition of power. Singapore stocks ended lower.
The benchmark FBM KLCI ended 0.2% higher at 1850.42, led by gains in Press Metal Aluminium Holdings and PPB Group, while the Malaysian ringgit rose 0.1%. The Straits Times Index edged 0.2% lower to 3562.46, dragged by 1.8% loss in StarHub and 1.7% loss in Yangzijiang Shipbuilding (Holdings).
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