U.S. stocks tumbled to an almost 12-week low and bond yields plunged to records on rising concern the coronavirus will upend global supply chains critical to economic growth.

The S&P 500’s four-day rout reached 7.6%, with losses accelerating Tuesday after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home. That follows a rapid increase in cases from Italy to Iran and Japan, with a growing list of companies warning that profits will suffer as economies around the world suffer. The S&P, Dow Jones Industrial Average and Nasdaq Composite indexes all set record highs this month.

A bargain-hunting session brought the Straits Times Index up 16.04 points or 0.51 per cent to 3,158.24 on Tuesday, following a sell-off at the start of the week as Covid-19 cases soared in South Korea and Italy over the weekend.

Partial returns of equity investments in two companies resulted in a significant decrease in fair value of those investments in Sakae Holdings' latest financial results for the half-year ended Dec 31, the company said on Tuesday in response to queries from the Singapore Exchange Securities Trading (SGX-ST).

United Hampshire US Real Estate Investment Trust (Reit) has lodged a preliminary prospectus to list a US-focused Singapore Reit on the Singapore Exchange, the Reit manager said on Tuesday.

Straits Trading's net profit for the fourth quarter ended Dec 31 more than doubled to S$29.7 million, largely contributed by its real estate segment even as the group continues to "exercise prudence when considering new investments" amid the growing scale of Covid-19.

Unitholders who receive odd lots of Frasers Logistics & Industrial Trust (FLT) units in its proposed merger with Frasers Commercial Trust (FCOT) will not have to pay brokerage fees to certain brokers for odd lots trades carried out within a month of the units being allotted and issued.

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