STI rebounds 1.2% to close above 3,200
Property and bank stocks recover from Friday's losses; regional markets gain as confidence in the US economy grows
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ASIAN markets rallied on Monday, with the Straits Times Index (STI) closing above the psychological 3,200 support level, regaining some losses from Friday's tumble but failing to make a full recovery.
In Monday's session, the STI gained 1.2 per cent or 37 points to close at 3,228.82.
About two billion shares worth S$1.23 billion in total changed hands as gainers outnumbered losers 240 to 146.
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