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Nikkei Markets

Singapore stocks rise to two-month highs on China's surprise bank reserve ratio cut

Malaysian equities little changed

KUALA LUMPUR (Nikkei Markets) -- Singapore shares jumped to more-than-two-month highs on Wednesday as China's surprise cut in banks' reserve requirement boosted risk appetite. Malaysian equities ended little changed.

Singapore's Straits Times Index advanced 1.7% to 3,557.82, the highest since Jan. 29. Malaysia's FBM KLCI ended almost unchanged at 1,879.32, a day after closing at its highest level since November 2014.

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