Markets highlights

1 The yuan stayed steady against the greenback despite a staff report recommending that the International Monetary Fund should not make it a reserve currency yet.

2 Standard Chartered's dividend was slashed by half, said chief executive officer Bill Winters in his first earnings presentation since he took over from Mr Peter Sands two months ago. The commodities rout is leading to more bad loans in India and China.

3 Apple's shares hitting a six-month low on Tuesday is worrying investors. But after having grown so fast, it is difficult for sales and profits to move significantly, analysts said. The Apple Watch may not be as large a catalyst for the stock as some had hoped.

4 Property firms are seeing tougher times. Koh Brothers reported an 8 per cent drop in quarterly profit to $10.6 million. Far East Orchard, which has projects in Britain and joint ventures here, reported a 1.1 per cent fall in profit to $5.5 million.

5 BreadTalk posted a 10 per cent increase in quarterly profit to $2.89 million.

Its restaurant division was helped by the ever-reliable Din Tai Fung.

The new Sanpoutei Ramen concept also helped.

A version of this article appeared in the print edition of The Straits Times on August 06, 2015, with the headline '1 2 3 4 5 Markets highlights'. Print Edition | Subscribe