Singapore Exchange Ltd., the operator of Southeast Asia’s biggest equities bourse, said third-quarter profit fell 22 percent from a year earlier as equities trading volumes shrank following a penny-stock rout.
Taiwan’s stock exchange is seeking to create a cross-border stock trading platform with Singapore by this year to boost overseas access to the island’s listed shares, Chairman Lee Sush-der said in an interview.
HAGL JSC, a real estate developer that’s transformed itself into Vietnam’s biggest listed farmer by acreage, is expanding overseas plantations and adding corn as it plans to list the agricultural unit in Singapore next year.
Iron ore prices are set to slump in the second half as more steel companies in China will probably go bankrupt, hurting demand in the world’s largest user just as supply expands, according to Standard Chartered Plc.
Singapore’s investigations into suspected stock-trading irregularities at three commodity companies whose shares plunged in October are seen as a test of credibility for Southeast Asia’s biggest equities market.
The Monetary Authority of Singapore and the police department are jointly investigating suspected trading irregularities in commodity companies including Blumont Group Ltd., Asiasons Capital Ltd. and LionGold Corp. that together erased $6.9 billion in market value in early October.