Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Sembcorp Marine's contract win to Hyflux's arbitration dispute, get your daily dose of all the latest in the world of business right here.

  • Singapore stocks gained on Tuesday, as geopolitical tensions over North Korea's nuclear and missile programme receded.
  • The Straits Times Index gained 0.22 percent or 7 points to 3,235.
  • Asian shares hit a 10-year peak with investors breathing a sigh of relief as North Korean fears eased slightly.
  • The United Nations Security Council unanimously stepped up sanctions against North Korea on Monday over the country's sixth and most powerful nuclear test on Sept. 3, imposing a ban on the country's textile exports and capping imports of crude oil, Reuters reported.
  • Sembcorp Marine rose 1 percent after its Brazilian unit, Estaleiro Jurong Aracruz Ltda, has secured hull carry over works worth about US$145 million.
  • Hyflux, which designs treatment systems for water purification, said SEPCOIII Electric Power Construction Corp has been ordered to pay its unit, Hydrochem, US$16.1 million following an arbitration dispute. Its shares gained percent.
  • Singapore Telecommunications said it will accelerate fiber-based service adoption for its business and residential customers in a bid to support government's Smart Nation initiative. The stock was down 0.8 percent.