TEMASEK Holdings has recouped a big part of its portfolio losses since a low point in March, with its value up sharply on the back of a strong rebound in global equity markets.

A Straits Times analysis found the value of the state investment agency's public-listed holdings soared by more than 40 per cent from March 31 to July 31.

In paper terms, Temasek would have reaped an estimated $37 billion gain from its major listed investments during this period.

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