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Singapore: STI opens higher on Monday

SINGAPORE shares opened higher on Monday with the Straits Times Index (STI) up 4.59 points or 0.13 per cent to 3,407.45 at 9.01am.

Some 100 million shares exchanged hands.

Gainers beat losers 97 to 74.

The market was buoyed by a weekend rate cut from China and an infrastructure-centred budget from India.