Singapore's benchmark Straits Times Index rose 2.3 per cent on Monday, led by gains in financials such as DBS Group and the Singapore Exchange, and property firms including City Developments and CapitaLand.

By 9.57am Singapore time, the index stood at 2,914.03 points. Top lender DBS Group was up 2.57 per cent and bourse operator Singapore Exchange rose 3.92 per cent.

CityDev was up 4.94 per cent while CapitaLand gained 3.22 per cent as Asian stocks rallied. -- REUTERS