Thailand shares scale 5-month high; recovery hopes lift Singapore


Not business as usual: Singapore has slipped from the top spot of the list of costliest cities, with the coronavirus pandemic impacting spending habits all over the world. — Bloomberg

SINGAPORE: Thailand shares climbed nearly 2% to hit their highest in more than five months on Monday, leading broader gains in emerging Asian stock markets, while Singapore stocks were lifted by better-than-expected third-quarter GDP numbers.

Tourism-reliant Thai shares were boosted after AstraZeneca said tests showed its COVID-19 vaccine could be 90% effective, adding to a slew of positive developments on vaccines which have improved the mood of investors globally.

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