Market highlights

1 The stock rally resumed in Asia, while UBS was undertaking the first sale of the riskiest type of bank debt in Europe in two months. Bloomberg said ECB's action signals that central banks are not out of ammunition.

2 Developer China Vanke's Hong Kong-traded shares jumped the most in 14 months after the firm announced a deal that could thwart a hostile takeover bid, Bloomberg said.

3 Agricultural play Japfa said it will use US$5.5 million (S$7.6 million) of its IPO proceeds to provide one of its units with capital. This unit is one of its farm hubs in Inner Mongolia.

4 Hwa Hong Corporation is looking at acquiring a 38-year- leasehold residential property in Ebury Street, London, to expand its property portfolio in the prime central region.

5 Innopac Holdings said an agreement to set up a Chinese joint venture in Shandong to distribute petrol and diesel from Shandong Gaocheng Petroleum Technology has been terminated.

A version of this article appeared in the print edition of The Straits Times on March 15, 2016, with the headline 'Market highlights'. Print Edition | Subscribe