The Dow Jones Industrial Average shed 0.06 percent, or 13.83 points, to close at 25,044.29. Google parent Alphabet jumped after the company posted better-than expected second-quarter results on Monday.

The US Government debt yield rose on Monday, tracking a massive move in Japanese rates, following reports late last week that the Bank of Japan could adjust its monetary policy to make the program more sustainable.

Singapore's headline inflation rate rose to 0.6 per cent year-on-year in June 2018 from 0.4 per cent in the previous month, its highest in seven months.

Insurance on Tesla’s debt, which is sold as a credit default swap contract, increased from Friday by 13 cents to $5.96 per $100 of Tesla debt, following a report that Tesla had turned to some suppliers for a refund of previously made payments in a bid to make a profit.

Singtel and Ericsson will launch a 5G pilot network in the one-north district by the fourth quarter to support drone and self-driving car tests there.

The Urban Redevelopment Authority has commissioned a "more detailed survey" of Singaporeans' views on short-term AirBNB-type accommodation, after a public consultation earlier this year yielded mixed results.

Early-stage or junior mineral, oil and gas (MOG) companies will have a shot at a listing on the Singapore Exchange from Aug 28, following changes to the Mainboard and Catalist listing rules.

AccorHotels and Qatari firm Katara Hospitality have announced plans to set up a US$1 billion investment fund targeting the hotels and hospitality sectors in sub-Saharan African countries.

The owners of Sutton Place, a freehold development off Farrer Road, have put the property up for collective sale by tender, with a reserve price of S$268 million ($1,917 psf ppr, including a pending development charge of about S$17.88 million).

Source: CNBC, Bloomberg, Reuters, Business Times, SingStat, MTI, Phillip Securities Research