Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Noble Group share surge to Wilmar International stock plunge, get your daily dose of all the latest in the world of business right here.

Singapore shares drop
A Singapore Exchange (SGX) sign sits outside its premises at the central business district in Singapore, January 18, 2016 Reuters
  • Singapore shares fell more than 1 percent on Friday, as mounting tensions between the United States and North Korea unnerved investors.
  • The Straits Times Index fell 1.31 percent or 44 points to end at 3,279.
  • Agribusiness giant Wilmar International slumped 6 percent despite swing to a second-quarter profit.
  • Property developer City Developments lost 4.1 percent after its net profit fell nearly 18 percent on year and said its Chief Executive Officer Grant Lewis Kelley has resigned.
  • Singapore Technologies Engineering declined 3.4 percent after it reported a 12 percent decline in the second-quarter net profit.
  • Shares of debt-laden commodities trader Noble Group surged as much as 20 percent after its second quarter earnings showed no fresh causes for concern about the company.
  • Singapore Telecommunications was unchanged after posting a 6 percent drop in first-quarter profit, hurt by lower contributions from its Indian associate and exceptional charges at Australian unit Optus.