KUALA LUMPUR: The FBM KLCI trended higher in early Friday trade, boosted by a stronger Wall Street overnight performance following encouraging weekly jobless claims data that raised hopes for interest-rate cuts.
The benchmark index added 1.72 points, or 0.11% to 1,602.94 at 9.18 am. The index opened 2.24 points higher at 1,603.46 earlier.
Overnight, the S&P 500 gained 0.51% to 5,214.08 points, while the Nasdaq Composite added 0.27% to 16,346.27. The Dow Jones Industrial Average rose 0.85%, to 39,387.76.
Inter-Pacific Research said the key index could mount a rebound to end the week on a firmer note after a two-day consolidation.
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