Market highlights

1 Scandinavia's biggest bank estimates Denmark sold almost 750 million in kroner (S$151 million) to weaken the currency after it became clear early on Friday that Britons had voted to leave the European Union.

2 Mortgage approvals in the United Kingdom rose and house prices continued their steady advance in the weeks before the European Union membership vote. Approvals for home loans rose to 67,042 in May from 66,205 in April.

3 The Chinese authorities intervened via banks to support the offshore yuan yesterday morning. The People's Bank of China wants to maintain stability in the currency, sources said.

4 German robotics maker Kuka is in confidential talks about potential new investors but has so far only received a takeover offer from Chinese bidder Midea, chief executive Gordon Riske said yesterday.

5 Troubled crowdfunding site Lending Club will cut 12 per cent of staff. The online lender is trying to deal with a scandal that led to the abrupt departure of its founder, who has been accused of questionable practices.

A version of this article appeared in the print edition of The Straits Times on June 30, 2016, with the headline 'Market highlights'. Print Edition | Subscribe