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Bursa Malaysia closed higher at 1,567.90, boosted by the US extending its 90-day tariff truce with China. This positive news improved market sentiment across Asian indices. The broader market was also positive, with advancers surpassing decliners. The decision avoids steep duties that could disrupt trade, maintaining existing tariffs while allowing further negotiations. Optimism also stemmed from the upcoming meeting between US President Trump and Russian President Putin to discuss the war in Ukraine. Traders are now awaiting key US inflation data that could influence the Federal Reserve's next policy move.
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Bursa Malaysia opens higher, buoyed by Wall Street rally after softer US inflation data