SE Asian stocks rise on global stimulus hopes; Indonesia jumps 3.5%

SE Asian stocks rise on global stimulus hopes; Indonesia jumps 3.5%

The Edge Markets - World·2020-03-03 13:19

(March 3): Southeast Asian stock markets rose sharply on Tuesday, with Indonesia posting its biggest intraday gain in over 4 years, as expectations grew global central banks will ease policies to cushion the economic impact from a fast-spreading coronavirus.

Equities worldwide took a beating last week as fears mounted that the epidemic could develop into a pandemic and cause recession.

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