INDONESIAN stocks jumped more than 2%on Monday as the country began to relieve coronavirus-led curbs, while other Southeast Asian markets also got on prospects of an enhanced global financial rebound following an unexpected jump in U.S. jobs numbers.The regional markets rose for most of last week as global appetite for danger improved and numerous of its economies began returning to business after weeks under a lockdown, helped by government stimulus.The Indonesian benchmark acquired up to 2.5%and struck its highest in three months, as investors cheered reports that the capital city of Jakarta was reappearing from the lockdown.The financial sector accounted for almost half the index’s gains, with PT Bank Central Asia Tbk rising 2.4%. A jump in oil rates assisted Thailand’s popular energy sector, with PTT Pcl and PTT Exploration and Production Pcl climbing up 3.8%and 6.8%, respectively.Singapore and Thai indexes were up for a 6th session, while Vietnam extended gains to a 4th session.Malaysian markets were closed for a vacation.
SE Asia stocks-Most extend rally as U.S. tasks report spurs rebound hopes
