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Nikkei Markets

Singapore shares rebound, Malaysia slips

Investors still cautious as dollar denominated assets preferred

KUALA LUMPUR (Nikkei Markets) -- Singapore shares rebounded Monday, tracking gains in other Asian stock markets after data showed faster U.S. job growth while the jobless rate fell to an 18-year low. Malaysia shares slipped.

The Straits Times Index closed 1.2% higher at 3467.48, snapping a three-session losing streak, after 26 out of 30 index stocks advanced. The FBM KLCI meanwhile edged 0.1% lower at 1755.17 as decline in telecom and plantation stocks offset a rally in the banking sector.

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