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Nikkei Markets

Singapore shares gain amid Asian rally, Malaysia falls

Ebbing tension over US-China trade tussle cheer investors

SINGAPORE (Nikkei Markets) -- Singapore shares rallied Monday along with the rest of Asia as investors drew comfort after U.S. and China softened import tariff threats against each other, while announcing intent to work out details of a wider deal. Malaysia shares slipped.

The Straits Times Index started the week 0.5% higher at 3548.23 thanks to industrial and real estate stocks. The FBM KLCI meanwhile, bucked the regional trend and fell 0.1% to 1853.58 as declines in telecommunication stocks eroded gains in consumer and plantation plays.

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