STI up 0.6% on receding Treasury yields

THE local bourse was awash in a sea of green alongside its regional peers, spurred by last Friday's gains on Wall Street ahead of a packed week as the markets keenly await a key event - US Federal Reserve chairman Jerome Powell's first appearance on Capitol Hill since he was sworn in as new Fed chief.

Upbeat data out of home helped sentiment, with Singapore's manufacturing output staging a strong comeback in January after suffering its biggest decline in two years the previous month.

The benchmark Straits Times Index jumped 22.63 points or 0.6 per cent to finish at 3,555.85 on Monday, fuelled by US stock indices' gains of over 1 per cent in the last session.