South-East Asia Stocks extend rally on economic rebound hopes, Indonesia jumps over 2%


A bull statue stands in front of an electronic board displaying stock prices at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta. South-East Asian markets extended multi-day rallies on Tuesday (June 2) on optimism over an economic rebound from the Covid-19 (coronavirus) crisis. - Bloomberg

JAKARTA (Reuters): South-East Asian markets extended multi-day rallies on Tuesday (June 2) on optimism over an economic rebound from the Covid-19 (coronavirus) crisis, but caution prevailed globally due to simmering Sino-U.S. tensions and violent protests in many US cities.

This week began with the re-opening of several regional economies after weeks-long lockdowns to curb the spread of the virus were eased.

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