Malaysia's KLCI Tipped to Rebound After Snapping Four-Day Winning Streak

Malaysia's Kuala Lumpur Composite Index is expected to rebound Tuesday after falling 7.20 points, or 0.45%, to close at 1,604.36 on Monday, ending a four-day run that had added nearly 15 points, or 0.9%. The index traded between 1,600.45 and 1,612.00 during the session, with losses in financials, plantations and utilities offset by support from industrial and energy shares. The positive Asian outlook follows an upbeat Wall Street session driven by bargain hunting after indexes fell to multi-month lows last week. The Dow gained 0.28% to 52,361.58, the NASDAQ rose 0.82% to 26,169.38 and the S&P 500 added 0.70% to 7,676.77. Traders are watching the Federal Reserve's policy announcement on Wednesday, with rates widely expected to stay unchanged ahead of a quarter-point hike anticipated at the December meeting. Crude oil fell on reports a Qatari delegation visited Iran to discuss de-escalation, with West Texas Intermediate for December delivery down $1.27, or 1.27%, at $102.00 a barrel.