Regional indices rebound on hopes of new US stimulus, Trump recovery
HK, Seoul, Tokyo, Kuala Lumpur post gains; the top performer is Australia's S&P/ASX200.
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AFTER a knee-jerk sell-off following news of United States President Donald Trump testing positive for Covid-19 last Friday, rationality returned to regional markets with most rebounding on Monday.
The Straits Times Index (STI) followed suit with an increase of 21.12 points or 0.85 per cent to 2,517.23.
The top performing key index in the region was the S&P/ASX 200 of Australia. It closed 2.59 per cent higher at 5,941.58 points, recording the biggest daily jump since mid-July.
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