Stocks fell on Friday, capping a roller-coaster week on Wall Street, as the coronavirus outbreak kept investors on edge.

The Dow Jones Industrial Average cut losses rapidly in the final 10 minutes of trading, ending the day down only 256.50 points, or 0.9%, to 25,864.78. The 30-stock benchmark plunged 894.66 points at one point in the session. The S&P 500 dropped 1.7%, or 51.57, to 2,972.37, while the Nasdaq Composite fell 1.8%, or 162.98, to 8,575.62.

DUAL-LISTED hotelier Mandarin Oriental's underlying net profit - which excludes non-trading items - tumbled 37 per cent to US$41.2 million for fiscal 2019, down from US$64.9 million a year earlier.

BREADTALK Group has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for the S$0.77 per share voluntary cash offer that will take the company private.

TELCOS Singtel, AIS from Thailand and SK Telecom from South Korea have teamed up to make a Series A investment of an undisclosed amount in a regional gaming joint venture that they hope will engage 800 million gamers in the region.

CATALIST-LISTED Kitchen Culture Holdings has entered into a placement agreement with UOB Kay Hian to raise capital by placing out up to S$3.9 million worth of new shares.

HYFLUX'S potential white knight Utico issued a clarification on Sunday saying its Jan 28 letter was clear about its intention to pay S$40 million with respect to the restructuring agreement (RA) and increase it to S$50 million to "save time and hence money by passing the scheme early".

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