Markets highlights

Federal Reserve Bank Chair Janet Yellen holding a news conference following a meeting of the Federal Open Market Committee.
Federal Reserve Bank Chair Janet Yellen holding a news conference following a meeting of the Federal Open Market Committee. PHOTO: AFP

1 Investors will be paying attention to the minutes of the US Federal Reserve Bank meeting released overnight. There will still be interest in the meeting held last month even though that was before the Greek debt crisis took a turn for the worse.

2 Greece is no longer the main issue for investors in Asia. China's plunging markets dominated Asian market activity yesterday, leaving a trail of red in their wake.

3 Alibaba Group's equity stake in SingPost will rise to 14.51 per cent. SingPost is focusing on its e-commerce business and is working with Alibaba on new initiatives.

4 The founder of hotel and property player Fragrance Group picked up 200,000 shares at 19.9 cents apiece, a transaction that cost Mr Koh Wee Meng, one of the richest men in Singapore, about $39,800. The shares ended half a cent higher at 20.5 cents.

5 Yoma Strategic's unit has terminated a proposed joint-venture agreement in relation to the building and operation of a steel mesh products manufacturing plant in Yangon.

A version of this article appeared in the print edition of The Straits Times on July 09, 2015, with the headline '1 2 3 4 5 Markets highlights'. Print Edition | Subscribe