Market bets on China stimulus, Dow rebound

A 200-point rise in the Dow futures on Tuesday and the release of weak economic data in China helped the Straits Times Index bounce 45.47 points, or 1.75 per cent, to 2,638.47 as traders bet on Wall Street - which was closed on Monday for Martin Luther King day - rebounding from Friday's devastating loss on Tuesday and more government stimulus in China.

Turnover amounted to 1.2 billion units worth S$1.3 billion, the second highest so far in 2016 after S$1.6 billion was traded on Jan 7. Excluding warrants, the advance-decline score was 306-126.

Over in North Asia, both the Hang Seng and Shanghai Composite indices rebounded sharply from their recent losses while Europe opened in the black in the late afternoon.