Singapore shares opened in the positive territory this morning after news that the city state’s Q2 gross domestic product growth came in at 2.9 per cent. To end the day, the STI extended positive mood, closing in 0.7% higher. So what can we make of the Q2 GDP data? What does that tell us about Singapore's economy?

Meanwhile, in Asia, stocks recouped their losses from last week’s rout, bolstered by an advance in Japanese shares. Does this mean Asian stocks have fully recovered and we won’t see another rout anytime soon? And with Japan leading the gains, is that because investors are buying stocks amid cheaper valuations? What are risks investors should consider?

On Market View, Hongbin Jeong gets a deeper analysis of the market movements from Khoon Goh, Head of Asia Research, ANZ.