Asian indices up on Monday on RCEP deal; STI finishes 1.4% higher
Hang Seng rises 0.86%, Nikkei 225 gains 2.05%, FTSE Bursa Malaysia up 0.63%, Kospi closed up 1.97%.
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NEWS of the freshly inked Regional Comprehensive Economic Partnership (RCEP) deal, a mega free trade pact backed by China that involves 14 other Asia-Pacific countries including Singapore, gave a boost to Asian stock markets - Singapore's as well - on Monday.
The Hang Seng Index rose 0.86 per cent, while Tokyo's Nikkei 225 index gained 2.05 per cent. Malaysia's FTSE Bursa Malaysia Kuala Lumpur Composite Index ended 0.63 per cent up, while South Korea's benchmark Kospi closed up 1.97 per cent.
The Straits Times Index (STI) added 36.61 points or 1.35 per cent to 2,748, driven by shares of Genting Singapore, Sats and Keppel Corp which gained 8.1 per cent, 5 per cent and 3.7 per cent, respectively.
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