Markets highlights

1 Malaysia's ringgit fell the most in eight months after Federal Reserve Bank of Atlanta president Dennis Lockhart said a June US interest rate rise is "a real option", sparking a surge in the greenback, Bloomberg said.

2 The SGX All Healthcare Index generated a 3.5 per cent decline in total return for the 12 months ending April 29 against the 11 to 12 per cent slides in total return for the regional MSCI South East Asia Index and MSCI Asia Pacific Index.

3 Five industrial Reits, including Aims AMP Capital Industrial Reit, Cambridge Industrial Trust and Mapletree Industrial Trust, averaged a 2.1-cent distribution per unit for the quarter to March 31, down 3.5 per cent on average from a year ago.

4 iFast Corp has teamed up with PC International (HK) to set up PC iFast Holding (SG). iFast aims to lift business from offshore customers keen to invest in products distributed on its Singapore platforms.

5Union Steel expects a third- quarter net loss due to lower demand for its steel products and expenses from ceasing its Malaysian operations.

A version of this article appeared in the print edition of The Straits Times on May 05, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe