Markets highlights

1. Gold has clawed back some of its losses after falling to its lowest price since 2010 on Monday. But the broad picture is that since the spot price reached its peak of US$1,920.30 an ounce in September 2011, demand has dropped as supply has risen, Bloomberg says.

2. The earnings season in the United States gets into high gear with tech companies releasing their earnings. Apple shares, which lost ground recently over China fears, have recovered. The numbers were out early this morning.

3. Chinese penny stocks unexpectedly had their brightest day in months yesterday. Among them was Qingmei Group, whose 325 per cent rise earned it a query from the Singapore Exchange but the firm said it was unaware of the reason for the surge.

4. Developer KSH said family members of its directors bought units at High Park Residences. The Fernvale project saw strong sales over the weekend. They were given a 3 per cent discount, similar to the discount extended to directors and staff.

5. Singapore Exchange (SGX) has put a "trade with caution" warning on Jason Holdings after its share price fell 13.56 per cent yesterday. Jason Holdings provides flooring services. This is the fourth query in five months for the company on its share price, SGX said.

A version of this article appeared in the print edition of The Straits Times on July 22, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe