Chinese stocks did not have a repeat of yesterday’s sell-off which is helping global equities make back some ground. Overnight the MSCI Asia Pacific Index added 1.1% while Japan’s Topix index closed 0.7% higher. In Europe the Stoxx 600 Index had risen 1% by 5:45 a.m. with mining and energy stocks the best performers. S&P 500 futures pointed to a strong open, the 10-year Treasury yield was at 1.575% and gold slipped.

Walt Disney on Tuesday delivered better-than-expected results in the past quarter, fueled by box office hits from its latest Star Wars and Frozen films and a strong consumer response to its new Disney+ streaming service.

Iconic American department store chain Macy's will shutter 125 stores and slash 2,000 jobs over the next three years as part of a plan to shore up its financial position, the company announced on Tuesday.

The European Union is set to propose ways to modify the accession procedures for countries entering the bloc in a bid to placate France, but Brussels cautioned on Tuesday that any changes won't be major ones.

Oil prices sank about 1 per cent on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from Opec and its allies.

Agri-food firm Japfa on Tuesday said it has raised net proceeds of S$92.6 million from its recently-concluded rights issue. The proceeds will go towards paring its debt - about S$16.9 million will be used to repay a revolving facility; another S$13 million will be used to repay a term facility. The largest sum, about S$62.7 million, will be used to partially repay a revolving facility under a syndicated facilities agreement.

Hwa Hong Corporation on Tuesday saw fourth-quarter earnings rise to S$2.1 million from S$84,000, on the back of higher rental income from its properties and investment dividends.

RICH Capital and other parties are being sued by Karya Indo Batam (KIB) on grounds including conspiracy and project mismanagement. KIB is involved in a property development project in Batam with an indirect subsidiary of Rich Capital, Oxley Batam Pte Ltd. The two parties had formed an equal joint-venture company, Oxley Karya Indo Batam (OKIB), to undertake the Oxley Batam Convention City Project.

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