Singapore stocks rise on opening

Singapore - Singapore stocks opened up for the week, with the STI gaining 5.16 points or 0.16 per cent at 3,258.40. Markets were closed on Monday for the Hari Raya Haji holiday.

Asian stocks were also higher after Hong Kong's benchmark index posted its biggest daily gain in more than a month on Monday as pro-democracy protests that shut down parts of the city appeared to be petering out, and following a strong US jobs report on Friday.

The benchmark Hang Seng Index closed 250.48 points or 1.09 per cent higher on Monday. Several Singapore-listed companies including DBS Group, OCBC Bank and three companies from the Jardines stable - Jardine Matheson, Jardine Strategic and Hongkong Land - have sizeable operations in Hong Kong.