KUALA LUMPUR (Feb 6): The FBM KLCI closed up 15.98 points or 1.04% today as general market sentiment was boosted following China's announcement that it will cut tariffs on US imports. In addition, the index was lifted by continued bargain hunting activities, said Lau. "The government's plan to introduce a stimulus package to bolster the economy is also a key catalyst that lifted the KLCI,” Lau added. The FBM KLCI's climb was in line with other Asian stocks' jump today as investors in the region reacted to positive developments on the US-China trade front, according to CNBC. Japan's Nikkei 225 gained 2.38%, while South Korea's Kospi rose 2.88%, while Hong Kong's Hang Seng rose 2.64% and China's Hang Seng index climbed 1.72%.

Source: The Edge Markets February 06, 2020 10:41 UTC