SINGAPORE, Aug 8 (Reuters) - Singapore's benchmark Straits Times Index rose more than 2 percent in early trade on Wednesday as investors bought banking stocks that had been sold down in previous sessions.

By 0131 GMT, the key Straits Times Index was up 2.07 percent at 3,370.50 points.

DBS Group , Southeast Asia's biggest lender, was up 4.4 percent, and United Overseas Bank , Singapore's second-biggest lender, was up 3.5 percent.

REUTERS