U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. The Dow Jones Industrial Average fell 1.15% to 24,700.21, the S&P 500 lost 0.40% to 2,762.57 and the Nasdaq Composite dropped 0.28% to 7,725.59. The CBOE Volatility Index hit nearly a three-week high of 14.68 points, before easing to 13.35. However, the small-cap Russell 2000 index edged up 0.1%.

The People’s Bank of China called for investors to remain calm and pledged to use monetary policy “comprehensively” after the trade standoff with the U.S. sent the nation’s benchmark stock index plunging. The Shanghai Composite Index slid 3.8%, falling below the 3,000 level previously breached in 2015 and 2016.

European shares extended a sell-off on Tuesday as a trade war between the United States and China escalated, with autos, mining and technology stocks taking the brunt. STOXX 600 fell for the third straight session, down 0.7%.

General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index.

Hong Kong-based robo-advice provider, Quantifeed has raised US$10 million of Series B funding to open a Singapore office and boost its R&D efforts.

Temasek-linked firms, namely, CapitaLand, DBS, Keppel Corp, SATS Ltd, Sembcorp Industries, Singapore Airlines, ST Engineering and Singtel, will payout a record combined dividend of S$9.3 billion this year, up 38% YoY.

The option for Accor to buy up to 10% of Banyan Tree Holdings lapsed. Singapore High Court has granted Hyflux a six-month lifeline to stave off creditors.

Parkway Life Reit’s Japan properties are unaffected by a 5.9 magnitude earthquake that struck Osaka on Monday.

UnUsUal Limited is partnering Sliding Door Entertainment to bring a "Walking with Dinosaurs - The Arena Spectacular" Asian tour that will host 117 shows across 11 cities. The tour is expected to commence in the second half of 2019.

Tiong Seng Holdings has been awarded a S$28.9 million contract for the proposed erection of a condominium development project.

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, The Business Times, PSR