Market highlights

1 Goldman Sachs says that the China-led rout may get worse, and, if it does, investors should turn back to equities. Bloomberg reported that any further drops would create opportunities to invest.

2 Chinese conglomerate Dalian Wanda Group plans to pair its newly acquired Hollywood studio Legendary Entertainment with its in-house production unit and seek a listing, Reuters said.

3 Starbucks plans to add about 500 new stores in the year ending Sept 27, up from 450 new outlets in the previous year. China is Starbucks' fastest-growing market.

4 Noble founder and chairman Richard Elman bought 20 million shares in the past two days to try to lift confidence after the stock hit seven-year lows and the credit rating was cut to junk, Bloomberg said.

5 SGX-listed Nordic Group has seen some repeat customers - oil majors in petrochemicals and a global healthcare firm - renew maintenance contracts. The revenue will be about $7.7 million.

A version of this article appeared in the print edition of The Straits Times on January 13, 2016, with the headline 'Market highlights'. Print Edition | Subscribe