China announced it will take retaliatory tariff action against US$60 billion of US goods, sharply escalating the trade war as the Trump administration considers imposing duties on virtually all Chinese imports.

U.S. Treasury yields rose sharply Tuesday after the United States and China each slapped a new round of tariffs on each other, with the 10-year yield hitting its highest level since May.

PCI Ltd's controlling shareholder, Chuan Hup Holdings Ltd. has been approached by a third party about a potential transaction in connection with a potential transaction in relation to the securities of the company.

OUE Lippo Healthcare plans to acquire stakes in First Reit, and its manager Bowsprit for S$142m.

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