Market highlights

1 Japanese equities have soared on hopes of a fiscal stimulus package, while the yen has fallen 5.4 per cent. The Nikkei 225 saw the biggest rally in 20 months last week, soaring 9.2 per cent in five days.


2 Pacific Andes Resources said an independent committee has engaged RSM Corporate Advisory (Hong Kong) to undertake a forensic review.


3 Coal mining group Geo Energy Resources is buying a 98.73 per cent stake in a mining concession in South Kalimantan for US$90 million (S$121.3 million).


4 Skincare and wellness product maker Best World has been queried by the Singapore Exchange (SGX) over its trading activity, the fourth time in three months that it has received such a query.


5 Innovalues, a maker of customised precision machine parts and components, was also queried by the SGX over trading activity in its shares, the second such demand in the past month.

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on July 19, 2016, with the headline Market highlights. Subscribe