Asian stocks looked set to track an advance on Wall Street as investors focused on signs the American economy will continue to reopen. The dollar dropped.

Futures rose in Japan, Hong Kong and Australia. S&P 500 contracts were little changed after the gauge closed higher Wednesday, with retailers reporting sales that topped estimates and energy shares climbing. Stocks pulled back from session highs after the Senate passed a bill that could bar some Chinese companies from listing on American exchanges, adding to tensions between the nations. Treasuries edged up, while crude oil steadied. The euro rose, coinciding with progress on a $550 billion fiscal-stimulus plan by the European Union.

From June 2, Singapore will gradually allow travellers to transit through Changi Airport as it begins to progressively re-open air transport. In a statement on Wednesday, the Civil Aviation Authority of Singapore (CAAS) said that airlines should submit their proposals for transfer lanes through Changi Airport to it. It added: "The proposals will be evaluated taking into account aviation safety, public-health considerations, as well as the health of passengers and air crew."

Vicom on Wednesday posted a flat net profit of S$7.3 million for its first quarter ended March 31. Its revenue held steady at S$25.3 million. The vehicle-inspection group said this was because its inspection and testing services businesses had remained stable in the three months before the circuit-breaker measures took effect in April and May.

Manulife US Reit on Wednesday said it has secured a US$100 million Incremental Green Loan Facility from OCBC Bank, the sole lender and green-loan advisor for this transaction. This new five-year term loan is the Reit’s maiden green loan. It was raised under Manulife US Reit’s new green-finance framework, which was developed together with OCBC Bank in line with relevant international principles and guidelines.

Japan Foods on Wednesday said that, based on a preliminary review of its unaudited management accounts, it expects full-year revenue in FY2020 to be comparable to a year ago, but that its net profit after tax will be lower than that in FY2019. The owner of several Japanese food and beverage brands here (such as Ajisen Ramen) is still in the process of finalising the group's FY2020 unaudited consolidated financial statements. The numbers will be disclosed by end-July.

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