Market highlights

1 JP Morgan is willing to provide €7 billion (S$10.5 billion) in a bridging loan to a vehicle that would buy bad loans from troubled Italian lender Monte dei Paschi di Siena, an Italian daily said.

2 The yen slipped to a three-week low , after a report saying former US Federal Reserve chairman Ben Bernanke had floated the idea of perpetual bonds with Japanese policymakers.

3 A plan by Taiwan's Foxconn to acquire Japan's Sharp Corp is set to be approved soon by the Chinese government, a Sharp executive was cited as saying by Jiji news. The Nikkei had earlier said the deal was held back by an antitrust review in China.

4 Keppel AmFels, a wholly owned subsidiary of Keppel Offshore & Marine in the United States, has delivered Uxpanapa, a jack-up rig, to Mexico's Central Panuco, on time and within budget.

5 Nintendo shares skyrocketed in Tokyo on the strength of smartphone game Pokemon Go. The shares, which had soared 75 per cent since the game's release last week, jumped 15 per cent yesterday.

A version of this article appeared in the print edition of The Straits Times on July 15, 2016, with the headline 'Market highlights'. Print Edition | Subscribe