The S&P 500 declined 0.4 percent to close at 2,878.05 as tech fell 1 percent. Facebook shares also declined 2.8 percent on Thursday, while Alphabet dropped 1.3 percent. The Dow Jones Industrial Average eked out a slight gain, however, rising 20.88 points to 25,995.87.

Bitcoin has lost roughly $1,000 of its value in the past 48 hours, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies. The price of ether fell 13 percent, XRP was down by 6 percent, and bitcoin cash dropped by 12 percent over a 24-hour period.

Dairy Farm will join the benchmark Straits Times Index with effect from Sept 24, replacing telco StarHub.

Apple Inc plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can or cannot be obtained from the iPhone maker, according to a company letter seen by Reuters.

Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results.

In Singapore, Facebook will build a S$1.4 billion data centre in Singapore, its first such facility in Asia and its 15th in the world, to be located in Tanjong Kling in Jurong. The centre is targeted to start operations in 2022, after which construction will continue for a few years.

The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” investors hoping the electric car company’s stock price would fall.

DBS Group Holdings has set its final price guidance for its Singapore-dollar perpetual NC7 AT1 issue at 3.98 per cent, down from the initial price guidance of 4.375 per cent, following sizzling demand.The deal has garnered orders of over S$4 billion, said a source.

Ascendas Reit plans to raise gross proceeds of at least S$450 million through a private placement of 178 million new units at between S$2.528 and S$2.606 per unit, which represents a discount of between 3.65 to 6.53 per cent of the VWAP of S$2.7047 per unit traded on Thursday.

SembMarine has bagged a contract from Greek shipping firm Maran Tankers to install marine scrubbers and ballast-water management systems on 13 vessels. This will be done between the third quarter of 2018 and the fourth quarter of 2019.

Keppel Corp's infrastructure arm, Keppel DHCS, has clinched a S$275,000 contract for the initial design phase of a new district cooling system plant in the Jurong Innovation District. The contract, awarded by JTC Corp, could lead to a contract for the final phase of the project for a 30-year term to build, own and operate the plant if JTC approves it.

Source: Phillip Capital Research - 7 Sept 2018