Markets highlights

Anti-EU protesters are seen through a torn European Union flag during a protest at the northern city of Thessaloniki, Greece, on July 1, 2015.
Anti-EU protesters are seen through a torn European Union flag during a protest at the northern city of Thessaloniki, Greece, on July 1, 2015. PHOTO: REUTERS

1 The Greek debt saga is proving to have more twists and turns than a Taiwanese soap opera. But markets are still shrugging it off. In fact, the United States and European markets were positive in early trade yesterday.


2 All eyes are trained on Greece but, closer to home, the Shanghai market is another concern. What will stop the rout in share prices? The Chinese government has pulled out all the stops in the last few weeks.


3 One issue appears to be resolved, at least for now: The uncertainty hanging over the ringgit. Ratings agency Fitch reviewed Malaysia's sovereign rating and upgraded the outlook to "stable", giving the nation's currency a boost.


4 Bourse operator Singapore Exchange was the subject of a query from the Monetary Authority of Singapore after its shares jumped as much as 5.6 per cent to $8.27 during the day. It closed 35 cents or 4.47 per cent higher at $8.18 with 7.5 million shares changing hands.


5 With the first half of the year under their belt, companies will be reporting second-quarter results over the next few weeks. The outlook for the second half looks to be still volatile, and nothing to write home about.

A version of this article appeared in the print edition of The Straits Times on July 02, 2015, with the headline '1 2 3 4 5 Markets highlights'. Print Edition | Subscribe