KUALA LUMPUR (Feb 13): The FBM KLCI settled 2.11 points or 0.1% higher in line with Asian bourses, fuelled by US share markets' overnight rebound.

At Bursa Malaysia today, the KLCI settled at 1,832.28 points at 12:30pm. Across Asia, Hong Kong's Hang Seng gained 2.18% while Japan's Nikkei 225 added 0.19%.

In Malaysia, Kenanga Investment Bank Bhd analyst Lawrence Yeo said investors should wait for a decisive breakout from the KLCI's 1,840-point resistance level, from which the index will likely advance towards 1,888 points. "The downside support levels can be found at 1,800 and 1,767 points," Yeo said.

Malaysian shares tracked gains across world equity markets. Reuters reported that Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street's extended rebound from last week's steep fall, but investors remained cautious ahead of US inflation data later in the week.

Overnight, it was reported that Wall Street's three major indexes rebounded on Monday with broad-based gains as investors regained some confidence after US equities' biggest weekly drop in two years, but strategists stopped short of calling an end to the market pullback. The Dow Jones Industrial Average rose 410.37 points or 1.7% to 24,601.27, the S&P 500 gained 36.45 points or 1.39% to 2,656 and the Nasdaq Composite added 107.47 points or 1.56% to 6,981.96.