Market highlights

1 Hyundai Motor posted its first annual sales drop in China since 2007 as a slowing economy and a shift in consumer preferences to cheap sport utility vehicles hit demand for its sedan-heavy line-up.

2 Singapore-listed United Over-seas Australia will conduct due diligence on a development project in Ho Chi Minh City for a possible acquisition that would cost about A$18.4 million (S$18.8 million).

3 Malaysia's biggest electricity company, Tenaga Nasional, is planning a US$3 billion (S$4.3 billion) Islamic bond issuance after offerings dived to a five- year low in 2015. It is asking bankers to submit pitches for the planned sale, reports said.

4 Singapore-listed Advanced Integrated Manufacturing has acquired a mini-mart in Hougang for $260,000. The move will add revenue and diversify its operations, it said.

5 The yuan rebounded from a five-year low yesterday, strengthening 0.21 per cent against the US dollar, as the Chinese authorities stepped into the currency market to prevent excessive volatility.

A version of this article appeared in the print edition of The Straits Times on January 06, 2016, with the headline 'Market highlights'. Print Edition | Subscribe