KUALA LUMPUR: Bursa Malaysia rallied alongside other global markets as the two-week ceasefire in the Middle East brokered by Pakistan boosted investor sentiment. The FBM KLCI, which fell for a fourth straight day yesterday, surged 11.65 points to 1,688.51, on the back of the deal, which could mark the initial stage of de-escalation in the war. Elsewhere in the region, stock markets were jubilant; Japan's Nikkei jumped 4.86% to 56,029 and South Korea's Kospi soared 5.45% to 5,794. The relief, however, could be shortlived as analysts urge caution over excessively buying into the negotiations, as conditions remains tenuous and the negotiations are not guaranteed to lead to a permanent solution. "Against this backdrop, regional markets are likely to trade cautiously, with investors remaining defensive amid fragile negotiations and elevated geopolitical risk."

Source: The Star April 08, 2026 06:00 UTC