SINGAPORE, Aug 1 (Reuters) - Singapore's benchmark Straits Times Index fell 2.1 percent in morning trade on Wednesday to 3,472.04 points, led by losses in index-heavy bank and property stocks.

Singapore's United Overseas Bank , the country's second-largest lender, fell 2.2 percent, while CapitaLand , Southeast Asia's largest property developer, fell 2.7 percent.