China's decision to let its currency weaken against the dollar on Monday sent global markets diving further into the red and provoked a Twitter tirade from US President Donald Trump.

The bond market's economic canary in the coal mine looks poised to hit Japan. The country's benchmark 10-year yield is on track to fall below its two-year equivalent for the first time since the collapse of the Japanese economic bubble in 1991.

Monetary Authority of Singapore (MAS) is seeking to impose new requirements on financial institutions (FIs) in Singapore to improve controls and facilitate investigations in market abuse cases.

The Straits Times Index (STI) plunged 66.6 points, or 2.04 per cent, in Monday’s trading to 3,194.51. Turnover on the local bourse was 1.20 billion securities worth S$1.39 billion, which worked out to an average unit price of S$1.16. Losers outnumbered gainers 378 to 111, or seven securities down for every two up.

Wall Street stocks plunged on Monday after a forceful response by Beijing to the latest US tariff announcement escalated an ongoing trade war, exacerbating global growth worries.

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