KUALA LUMPUR: Malaysia's benchmark stock index jumped on Thursday as key markets in the region stumbled amid fears investors had bet too high on US interest rate cuts.
The release of the minutes of the Federal Reserve's most recent policy meeting offered no clues as to when the central bank will begin its much-anticipated rate cuts, disappointing investors hoping for a March start.
However, Malaysia's market extended its rally from the previous session on the back of gains in Tenaga Nasional and heavyweight bank counters.
At 12.30pm, the FBM KLCI ended 7.99 points higher at 1,470.36.
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