STI rebounds 1.2% to close above 3,200

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.

The index closed at 3,191.82 on Friday - the lowest it has…