Domestic equities in Malaysia surged on Monday after the US announced tariff exemptions for smartphones and electronics, easing economic pressures and boosting global investor sentiment. The FBM KLCI rose 19.29 points to 1,474.05 recovering over half its losses since the tariff-related decline began on April 3.
Despite the rebound, analysts from Rakuten Trade and TA Securities noted ongoing volatility due to US-China tariff tensions, predicting a trading range of 1,440-1,460. Medium-term indicators suggest a potential rebound for blue-chip stocks, supported by a 90-day tariff negotiation period, lifting local market sentiment. Leading stocks like Nationgate, Inari Amertron, and MYEG saw gains.
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