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Singapore stocks: STI resumes Monday afternoon at 3,149.10, up 0.15% on day

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SINGAPORE stocks continued to edge up as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.15 per cent or 4.62 points on the day to 3,149.10 as at 1.03pm. Read more at The Business Times.

Among financials, DBS was up S$0.07 or 0.3 per cent to S$24.83, UOB rose S$0.05 or 0.2 per cent to S$25.55, but OCBC dipped S$0.02 or 0.2 per cent to S$10.83.

Elsewhere in Asia, investors responded positively to news of fresh stimulus measures from China and below-par US jobs data that reinforced expectations of a Federal Reserve interest rate cut this month. The People's Bank of China on Friday said it would slash the amount of cash lenders must keep in reserve to its lowest level in 12 years, freeing up more than US$100 billion for the stuttering economy.

Tokyo ended the morning 0.5 per cent higher, Shanghai added 0.4 per cent and Seoul jumped 0.6 per cent.Australia's S&P/ASX 200 index inched up 0.12 per cent at 6,655.50 while New Zealand's benchmark S&P/NZX 50 index bucked the positive trend, dipping 0.3 per cent to 11,180.2.

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