Singapore leads Asian stock surge on hopes of sharp economic recovery

Singapore

SINGAPORE led Asia's stock markets on Wednesday in a rally on hopes that the global economy will rebound as lockdown measures ease.

The optimism from the reopening of economies continues to reign and fuel gains for global markets, sidelining geopolitical tensions and civil unrest across the US. The sentiment that sharp recovery is possibly underway was also boosted by Wall Street's overnight surge and better-than-expected economic data in Asia.