Singapore, Jan. 21 -- Regional investors were generally won over yesterday when United States Treasury Secretary nominee Janet Yellen made the case for President Joe Biden's US$1.9 trillion (S$ 2.5 trillion) relief package.
Dr Yellen urged lawmakers to "act big", adding that help for the unemployed and small businesses would provide the "biggest bang for the buck".
The promise of greater stimulus fuelled Wall Street's overnight rally and lifted optimism in Asia.
Despite beginning the day on a softer note, the Straits Times Index (STI) picked up over the course of the session to inch up 0.1 per cent, or 2.85 points, to 2,998.77.
Gainers outnumbered losers 302 to 205, with 3.48 billion shares worth $1.52 billion changing hands.
Simi...