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Malaysia Leading Index Edges Up 1.25% Month Over Month in April

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Malaysia's leading index, which anticipates economic direction in the near term, ticked up 1.25% month over month in April, according to the Department of Statistics Malaysia on Thursday.

The pace of growth exceeded the Trading Economics forecast of a 0.1% growth.

On an annual basis, the index grew 1.29%.

The monthly increase was supported by the number of new companies registered and the real imports of semiconductors, each contributing 0.9% amid sustained demand for electrical and electronics sector.

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