Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Yangzijiang Shipbuilding share plunge to Singapore Airlines' codeshare agreement, get your daily dose of all the latest in the world of business right here.

SGX Logo. Reuters
  • Singapore stocks gained for a fourth session on Thursday, led by lenders such as OCBC amidst improved global risk appetite following upbeat Chinese and U.S. economic news.
  • The Straits Times Index rose 0.37 percent or 12 points to end at 3,277.
  • Singaporean conglomerate Sembcorp Industries rose 0.8 percent after increasing its stake in India-focused renewable energy, bringing its total ownership to 100 percent.
  • Cosco Shipping International received shareholders' approval for the 1.47 billion yuan (S$297.1 million) divestment of its loss-making yard operations. The stock closed unchanged after rising as much as 2 percent earlier in the day.
  • Yongnam Holdings, a provider of engineering and construction services, fell about 7 percent despite securing three new contracts worth S$70 million.
  • Shares in China-based Yangzijiang Shipbuilding fell as much as 8 percent after the company announced placement of up to 137 million shares at a discount to its last traded price.
  • Singapore Airlines signed a codeshare agreement with Alaska Airlines in a bid to expand its footprint in the North American market.
  • Australian national carrier Qantas Airways said it will fly from Sydney to London via Singapore instead of Dubai as the airline extends its partnership with Gulf carrier Emirates.