Markets highlights

1 The Chinese yuan devaluation continues to send shock waves across markets. European stocks were weak, especially automakers and consumer goods companies that would normally benefit from Chinese demand.

2 A survey by recruiter Morgan McKinley has highlighted a pickup in private wealth jobs in Singapore and Hong Kong - the region's two leading wealth management centres - in the second quarter.

3 Most Catalist-listed companies would aspire to upgrade to the mainboard. ecoWise is doing the reverse and plans a transfer to the second board this year. The move is part of a long-term strategy and partly to ride out the volatility in the prices of rubber and related products.

4 With the current earnings season ending tomorrow, Hor Kew Corporation is among the last to issue a profit warning. It said that it will record a second-quarter loss owing to lower revenue, rising material and labour costs, and currency fluctuations.

5 Property developer Heeton Holdings is proposing a rights issue on the basis of one rights share for every three ordinary shares held, at a price of 49.3 cents per rights share. The proceeds are to strengthen the capital base of the company.

A version of this article appeared in the print edition of The Straits Times on August 13, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe