Singapore - Singapore shares closed up 2.3 per cent Monday as some Asian stock markets got a boost from reports that the US government might expand its stake in the troubled banking giant Citigroup Inc to ease financial turmoil.

The key Straits Times Index rose 35.75 points to 1,630.69.

Gainers beat losers 199 to 181 on volume of 768.6 million shares. (dpa)