KUALA LUMPUR: Most Southeast Asian stocks climbed on Monday amid reports the US and China were close to striking a trade deal, while Malaysia fell despite the country reporting a higher-than-expected trade surplus for January.
Shares across broader Asia edged higher, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.1%for their second straight day of gains. The Singapore index, which is impacted by any development on the Sino-US trade front due to its high trade exposure, gained 0.7%, bolstered by consumer and financial stocks.
Bucking the trend, Malaysian shares started the day as much as 0.7% lower on expectations of a lower January trade surplus.
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