SINGAPORE, Aug 18 (Reuters) - Southeast Asia's largest
property developer CapitaLand may be in focus on
Wednesday after announcing that it would spend S$1 billion
($690.6 million) in China, Vietnam and the Ascott group, a wholly
owned unit that operates serviced apartments.
U.S. stocks rose on Tuesday, rebounding after sharp losses in the previous session, as better-than-expected results from big retailers encouraged investors to get back into the market. ----------------------MARKET SNAPSHOT @ 0012 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 989.67 1.01% 9.940 USD/JPY 94.81 0.13% 0.120
10-YR US TSY YLD 3.5147 --
0.002 SPOT GOLD 941.45 0.44% 4.150 US CRUDE 70.18 1.43% 0.990 DOW JONES 9217.94 0.90% 82.60 ASIA ADRS 118.95 2.05% 2.39
> Wall St rebounds; retails, tech in the lead > Dollar, yen decline on stock advance, German data > Prices slip as higher stocks curb safety appeal > Gold rebounds as dollar weakens, oil recovers > Oil settles above $69 on Wall Street gains
Stocks and factors to watch:
-- CAPITALAND
CapitaLand said in Tuesday it would spend S$1 billion in capital from a recent rights issue, of which S$500 million will go to its China arm, S$299 million to Vietnam and the remainder to the Ascott group. The rest of the S$1.8 billion raised from the rights issue will be kept for further investment opportunities.
-- SINGAPORE TELECOM SECTOR
BNP Paribas said in a report on Wednesday it sees no substantial decline in competitive intensity among Singapore telecommunications operators in the near term with Mobile One continuing to fight to retain its subscriber market share.
- Singapore's benchmark Straits Times Index gain 0.85 percent to 2,567.72 on Tuesday.
- The Dow Jones industrial average rose 0.9 percent to 9,217.94, while the Nasdaq Composite Index jumped 1.30 percent to 1,955.92.
(Reporting by Harry Suhartono; Editing by Kim Coghill)
((harry.suhartono@thomsonreuters.com; +65 6403 5658; Reuters
Messaging: harry.suhartono.reuters.com@reuters.net)
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company news European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview For more Singapore news, please click on ($1=1.448 Singapore Dollar) Keywords: SINGAPORE MARKET STOCKS/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News, please visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stocks rose on Tuesday, rebounding after sharp losses in the previous session, as better-than-expected results from big retailers encouraged investors to get back into the market. ----------------------MARKET SNAPSHOT @ 0012 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 989.67 1.01% 9.940 USD/JPY 94.81 0.13% 0.120
10-YR US TSY YLD 3.5147 --
0.002 SPOT GOLD 941.45 0.44% 4.150 US CRUDE 70.18 1.43% 0.990 DOW JONES 9217.94 0.90% 82.60 ASIA ADRS 118.95 2.05% 2.39
> Wall St rebounds; retails, tech in the lead > Dollar, yen decline on stock advance, German data > Prices slip as higher stocks curb safety appeal > Gold rebounds as dollar weakens, oil recovers > Oil settles above $69 on Wall Street gains
Stocks and factors to watch:
-- CAPITALAND
CapitaLand said in Tuesday it would spend S$1 billion in capital from a recent rights issue, of which S$500 million will go to its China arm, S$299 million to Vietnam and the remainder to the Ascott group. The rest of the S$1.8 billion raised from the rights issue will be kept for further investment opportunities.
-- SINGAPORE TELECOM SECTOR
BNP Paribas said in a report on Wednesday it sees no substantial decline in competitive intensity among Singapore telecommunications operators in the near term with Mobile One continuing to fight to retain its subscriber market share.
- Singapore's benchmark Straits Times Index gain 0.85 percent to 2,567.72 on Tuesday.
- The Dow Jones industrial average rose 0.9 percent to 9,217.94, while the Nasdaq Composite Index jumped 1.30 percent to 1,955.92.
(Reporting by Harry Suhartono; Editing by Kim Coghill)
((harry.suhartono@thomsonreuters.com; +65 6403 5658; Reuters
Messaging: harry.suhartono.reuters.com@reuters.net)
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company news European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview For more Singapore news, please click on ($1=1.448 Singapore Dollar) Keywords: SINGAPORE MARKET STOCKS/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News, please visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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