Southeast Asian stock markets gained on Tuesday, with Thailand hitting its highest level in more than two months, as investors cheered positive data from an early-stage study testing a coronavirus vaccine.

Indonesian shares, which rose as much as 2.2% in the session, closed 0.8% higher after the central bank kept its policy rate steady against expectations for a cut.

Singapore shares extended gains into a third session, buoyed by financial and consumer service stocks.

Malaysian stocks rose 1%, closing at its highest level since April 20, after the world's biggest edible oil importer India resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row.

Petronas Chemicals Group climbed 5%, while palm oil and rubber plantation company Kuala Lumpur Kepong Bhd rose 3.5%.

Copyright Reuters, 2020

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