Emerging Markets: Singapore stocks hit 8-month high as economic outlook brightens

SINGAPORE Nov 23 (Reuters): Singapore shares climbed over 1% to a more than eight-month high on Monday after GDP data showed the economy is set to return to growth next year, while broader emerging Asian markets were lifted by hopes for imminent coronavirus vaccines.

The Singapore benchmark hit its highest since March 11 as the city-state's economy contracted less than initially estimated in the third quarter and is forecast to bounce back to growth next year.