KUALA LUMPUR: Asian markets were up at midday following reports that showed Japan’s industrial production rose for the first time in six months and first-quarter consumer spending grew in the US.
At 12.30pm, the KLCI rose 1.77% to 984.61 while Singapore’s Straits Times Index gained 1.84% to 1,883.63.
Tokyo’s Nikkei 225 climbed 3.72% to 8,809.87 and Hong Kong’s Hang Seng Index advanced 2.29% to 15,298.76.
Shanghai’s A share index added 0.83% to 2,488.69 and Seoul’s Kospi Index was 2.54% higher at 1,372.39.
At Bursa Malaysia, gainers led losers by nearly four to one.
There were 427 gainers, 115 losers while 206 counters were traded unchanged with 860.56 million shares done at RM690.42 million.
Among bank stocks, BCHB advanced 25 sen to RM8.15, Maybank was 4 sen higher at RM4.32 and Hong Leong added 15 sen to RM5.75.
Plantation stocks were higher as palm oil exports rose 2.5% in April compared to March.
Sime rose 20 sen to RM6.60, IOI gained 18 sen to 4.28, KL Kepong added 20 sen to RM11.50 and PPB was 20 sen higher at RM10.50.
Resorts added 4 sen to RM2.37 while Genting climbed 24 sen to RM4.62.
TNB gained 20 sen to RM7.30 and Axiata was 4 sen higher at RM2.06.
Crude palm oil rose RM64 to RM2,544 per tonne.
Nymex crude oil in electronic trade added 43 cents to US$51.41 per barrel.
The ringgit was quoted at 3.567 to the US dollar.
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