- Singapore stocks jumped on Monday, tracking gains in Asia following a record-breaking Wall Street session, as investors shrugged off the latest North Korean missile test and hoped for a peaceful resolution.
- The Straits Times Index climbed 1 percent or 32 points to end at 3,241.
- The index was also helped by August non-oil domestic exports (NODX) surging from a year earlier at their strongest pace in six months, led by solid shipments of electronics and robust sales to China, data showed.
- India is set to rise as an economic superpower, helped in part by its growing young population, according to Deloitte's Voice of Asia report.
- Singapore's largest lender DBS Bank said it appointed Mark Troutman as group head of sales for the bank's global transaction services unit.
- Shares in Pavillon Holdings, an operator of seafood restaurants chain, rose 2 percent after saying its unit acquired commercial properties in Malaysia for 52 million Malaysian ringgit (S$16.7 million).
- Indonesia-focused coal miner BlackGold Natural Resources said it entered into a agreement with various parties to form a consortium for the development of a coal-fired power plant in Indonesia. Its shares advanced 3 percent.
- Taxi operator ComfortDelGro fell as much as 5 percent after its unit SBS Transit lost the tender to operate the Thomson-East Coast line to competitor SMRT.
