Singapore shares rise 0.88% on Monday

Singapore stocks climbed on Monday along with other major Asian markets, as investors took heart from upbeat Chinese manufacturing data and an apparent delay in a planned United States military strike on Syria.

The benchmark Straits Times Index rose 26.8 points, or 0.88 per cent, to finish the day at 3,055.7.

A buoyant 3.8 billion shares changed hands, worth a total of $1.2 billion. There were 270 advancers to 141 decliners, with 389 counters unchanged.

China Minzhong was among the biggest gainers, rising 59.5 cents to $1.125 after Indonesian food giant tabled an offer of $1.12 per share for the company.

Elsewhere, Hong Kong climbed 2 per cent but Shanghai was flat on news that China's factory activity hit a 16-month high last month.

Tokyo rose 1.4 per cent, Bangkok was ahead by 1.6 per cent, Mumbai gained 1.5 per cent and Taiwan was up 0.2 per cent.

Indonesian shares slid 2.2 per cent after the country reported a ballooning trade deficit and another jump in inflation.

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