Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Pavillon Holdings' Malaysian acquisition to ComfortDelGro's tender loss, get your daily dose of all the latest in the world of business right here.

  • Singapore stocks jumped on Monday, tracking gains in Asia following a record-breaking Wall Street session, as investors shrugged off the latest North Korean missile test and hoped for a peaceful resolution.
  • The Straits Times Index climbed 1 percent or 32 points to end at 3,241.
  • The index was also helped by August non-oil domestic exports (NODX) surging from a year earlier at their strongest pace in six months, led by solid shipments of electronics and robust sales to China, data showed.
  • India is set to rise as an economic superpower, helped in part by its growing young population, according to Deloitte's Voice of Asia report.
  • Singapore's largest lender DBS Bank said it appointed Mark Troutman as group head of sales for the bank's global transaction services unit.
  • Shares in Pavillon Holdings, an operator of seafood restaurants chain, rose 2 percent after saying its unit acquired commercial properties in Malaysia for 52 million Malaysian ringgit (S$16.7 million).
  • Indonesia-focused coal miner BlackGold Natural Resources said it entered into a agreement with various parties to form a consortium for the development of a coal-fired power plant in Indonesia. Its shares advanced 3 percent.
  • Taxi operator ComfortDelGro fell as much as 5 percent after its unit SBS Transit lost the tender to operate the Thomson-East Coast line to competitor SMRT.