S&P 500 logs worst day in 6 weeks as Turkey’s lira crisis spotlights global risks. The S&P 500 SPX, -0.71% lost 20.30 points to 2,833.28, a slide of 0.7%.The Dow Jones Industrial Average DJIA, -0.77% fell 196.09 points, or 0.8%, to 25,313.14. The Nasdaq Composite Index COMP, -0.67% fell by 52.67 points to 7,839.11.

Oil Up On Iran Sanctions But Set For Weekly Decline. Benchmark Brent crude oil settled 74 cents higher at $72.96 a barrel on Friday. U.S. light crude was 82 cents higher at $67.63 a barrel. Crude oil prices rose more than 1.0 percent on Friday as U.S. sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes could slow economic growth and hurt demand for energy.

Turkey taking action to ease market concerns: finance minister. Turkey has drafted an action plan and its institutions will start taking necessary steps on Monday morning to ease financial markets' concerns, finance minister Berat Albayrak said, after the lira plunged last week.

Singapore's economy grows 3.9% in Q2; expected to slow down in H2 2018.

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