By Goh Eng Yeow, Markets Correspondent

NEWS of embattled banking giant Citigroup's bailout by the United States government got a cool reception from traders here and elsewhere in Asia yesterday.

Across the region, stocks ended in the red, as investors failed to be fired up by the US Treasury's plan to inject another US$20 billion (S$30.7 billion) into Citigroup on top of the US$25 billion it gave the bank last month.

The US government had also agreed to guarantee US$306 billion of the lender's distressed assets with attached conditions that are being hammered out.

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