SINGAPORE, Feb 15 (Reuters): Singapore and Thai share markets began a data-heavy week on a firm footing on Monday after the two Southeast Asian economies contracted less than expected in the final quarter of 2020.
South Korean shares jumped 1.5% and Malaysian shares touched a near one-month high as Asian stocks hit record highs on optimism the rollout of coronavirus vaccines around the world will speed up economic recovery.
Singapore’s economy is expected to recover gradually in 2021, the government said, after better-than-expected fourth-quarter gross domestic product data.
Though the city-state marked its worst recession on record last year due to the Covid-19 pandemic, the FTSE Strait Times Index jumped as much as 0.7% and was on course for its best day in a week, while the Singapore dollar…
