Friday 19 Apr 2024
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KUALA LUMPUR (Nov 7): The FBM KLCI increased 2.35 points or 0.1% after the US Federal Bureau of Investigation (FBI) said Democratic candidate Hillary Clinton's private email server usage for government work did not warrant any criminal charges.

In Malaysia, the KLCI closed at 1,650.59 points at 5pm. Across Bursa Malaysia, 1.48 billion shares worth RM1.73 billion were traded.

The bourse saw 366 gainers and 388 decliners. The KLCI rose with Asian share markets as Japan's Nikkei 225 gained 1.61% while Hong Kong's Hang Seng rose 0.7%.

Reuters reported that Asian stocks bounced and the dollar strengthened on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Clinton. The news lifted a cloud over Clinton's presidential campaign two days before the US election.

It was reported that Clinton is seen as a candidate of the status quo and her policies are viewed as more predictable than her Republican rival Donald Trump.

In Malaysia, Mercury Securities Sdn Bhd research head Edmund Tham told theedgemarkets.com that the KLCI's rise was attributed to positive sentiment from news on Clinton's vindication.

"Generally, the market is relieved on the news," Tham said.

 

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