Most Southeast Asian stock markets gained on Monday, as hopes that central banks around the world would unleash new stimulus to boost growth eased concerns over a global recession.
Singapore stocks clawed back from from previous session's losses, supported by financials. Lender Oversea-Chinese Banking Corporation Ltd added 0.8 percent, while peer United Overseas Bank Ltd gained 0.4 percent. The archipelago's president on Friday proposed US$178 billion budget for 2020, that targeted a slightly optimistic GDP growth of 5.3 percent for the year.
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