Another 'turnaround Tuesday' for STI

SINGAPORE'S Straits Times Index (STI) rebounded after its worst performance since 2008's global financial crisis (GFC).

Investors took heart in the US Federal Reserve's move to adopt unlimited quantitative easing as well as further lending to US small and medium-sized enterprises (SMEs) most affected by Covid-19.

Sentiment in the region is also being propped up by a weaker US dollar. Another positive was news that Chinese authorities will lift travel restrictions for those residing in Hubei province on March 25, even as new cases in China double due to imported infections.