Malaysian stocks rebounded on Wednesday, putting an end to a two-day losing streak. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) rose by 0.6% to reach 1,462.37.

Top Performers

YTL Power International (6742) emerged as the strongest performer of the day, with its stock surging by 8.9%. Another notable gainer was YTL (4677), which saw a rise of 4.7%. Westports Holdings (5246), a transportation and logistics company, rounded out the top three winners, with shares increasing by 2.2%.

Declining Stocks

Sime Darby (4197), a business and consumer services firm, experienced the biggest decline, with its shares falling by 1.7%. Energy company Dialog Group (7277) also suffered losses, with shares declining by 1.5%. Technology firm Inari Amertron (0166) saw its stock drop by 1.3%.

Southeast Asian Markets

In other parts of Southeast Asia, Singapore's FTSE Straits Times Index (STI) declined by 0.9%, while the Thailand SET Index dropped by 0.3%. The Philippines' PSEi Index fell by 0.8%, and Indonesia's JSX Composite Index declined by 0.6%.

Asia-Pacific Region

Hong Kong stocks experienced a decline, with the Hang Seng Index down by 0.8%. The Tokyo Stock Exchange in Japan was closed during this period. On the other hand, Chinese companies saw a slight increase, with the Shanghai Composite Index adding 0.2%.

Meanwhile, South Korea's KOSPI Composite Index declined by 2.3%, and Australia's S&P/ASX 200 Benchmark Index dropped by 1.4%.

Currency Updates

In terms of currency, the U.S. dollar climbed by 0.7% to 4.63 Malaysian ringgit, while the euro also saw a 0.7% increase, reaching 5.07 ringgit.

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