Markets highlights

1 Malaysia's Bank Negara said that reserves totalled US$95.3 billion (S$135 billion) as at Sept 15, slightly higher than the US$94.7 billion reported on Aug 28, Reuters said.

2 Mining shares, including Glencore, led a slump in European equities yesterday as metal prices tumbled on fears that an economic slowdown in China, the world's biggest consumer of raw materials, is deepening.

3 Mainboard-listed Hiap Hoe said that 97 per cent of the residential units at its hotel-cum-residential development project Marina Tower in Melbourne have been sold, with total turnover of around A$256 million (S$258 million).

4 Singapore's industrial real estate investment trusts are seeing rental rates on industrial property remain under pressure this quarter as falling demand meets increasing supply across all asset types, said Fitch Ratings.

5 Mainboard-listed Innopac has signed a joint-venture agreement with Primeforth Renewable Energy to commercially cultivate microalgae and engage in activities such as the production of biofuel, pharmaceuticals and nutraceuticals.

A version of this article appeared in the print edition of The Straits Times on September 23, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe