Most Southeast Asian stock market gained on Monday with Singapore hitting a one-year high as investors bought into the region's risky assets after stronger-than-expected US jobs data and emerging optimism for European action on the debt crisis.
Singapore's Straits Times Index ended 0.7 percent firmer to its highest since August 4, last year, led by financials, with DBS Group Holdings Ltd and Oversea-Chinese Banking Corporation Ltd gaining more than 1 percent each. Thailand and Malaysia gained 0.9 percent and 0.3 percent respectively in strong volumes, close to their three-week highs. Indonesia edged up 0.1 percent and Vietnam, the region's smallest bourse, rose 1.2 percent.