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Nikkei Markets

Singapore shares recoup two-day loss, Malaysia also rise

Overnight rally on Wall Street, higher oil prices boost sentiment

KUALA LUMPUR (Nikkei Markets) -- Singapore shares Tuesday recouped all of its losses over the past two sessions and Malaysia stocks also rose thanks to a strong overnight rally in U.S. equities and rising oil prices.

The Straits Times Index ended 1.2% higher at 3071.10, while the FBM KLCI closed 0.2% higher at 1740.59. Yangzijiang Shipbuilding (Holdings) climbed 4% to lead gainers on the Singapore benchmark, while Genting Malaysia was the KLCI's biggest winner after rising 3%.

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