Straits Times Index
3,013.85-0.93(-0.03%)Nikkei
28,864.32-65.78(-0.23%)Hang Seng
29,098.29-138.50(-0.47%)
DBS Group Holdings Ltd (D05.SI)
- Reuters SG
EMERGING MARKETS-China, Indonesia lead Asian stocks lower as U.S. yields rise again
* Malaysia leaves interest rates unchanged at 1.75% * China stocks fall over 2%; Taiwan, S.Korea closed over 1% lower By Nikhil Nainan March 4 (Reuters) - China and Indonesia led a sell-off in Asia's emerging stock markets on Thursday as U.S. Treasury yields rose again, raising renewed doubts about continued monetary support and global growth. Global bond yields have risen in recent weeks, with markets concerned that central bankers could tighten the monetary spigot as the global economy rebounds from the damage caused by the COVID-19 pandemic. Equities in Taiwan , China and South Korea were the worst performers.
- Reuters SG
EMERGING MARKETS-Indonesia's rupiah leads Asian currencies lower as U.S. Treasury yields rise
* Malaysia central bank decision due later * Malaysia expected to leave rates unchanged at 1.75% * Taiwan stocks fall 2%; China, South Korea down 1.6% By Nikhil Nainan March 4 (Reuters) - Indonesia's rupiah led other Asian emerging currencies lower on Thursday as the dollar was buoyed by higher U.S. Treasury yields, while stock markets in China, South Korea and Taiwan fell more than 1.5%. Global bond yields have risen in recent weeks, with markets concerned central bankers could tighten the monetary spigot as the global economy rebounds from the onslaught of the COVID-19 pandemic.
- Reuters SG
UPDATE 1-Sunseap, Tenaga to bid for trial Singapore electricity imports from Malaysia
Malaysia's largest electricity utility, Tenaga Nasional Bhd (TNB), and Singapore-based solar firm Sunseap Group announced on Tuesday they are forming a joint venture to participate in a tender to trial clean electricity imports into Singapore from Malaysia. If successful, the partnership will import 100 megawatt (MW) of electricity to be generated from renewable energy sources, TNB and Sunseap said in a joint statement, which did not give any financial details.
