Asian stocks looked set to follow U.S. shares higher Tuesday as investors focused on signs of economic recovery over further U.S.-China tensions and spreading protests in America. The dollar slumped, and futures indicated gains in Tokyo, Sydney and Hong Kong. The S&P 500 saw a modest advance Monday and the tech-heavy Nasdaq Composite outperformed as a closely watched measure of U.S. manufacturing rose in May for the first time in four months, suggesting stabilization after a pandemic-driven plunge.

Two Clearbridge Health units are being sued by a unit's shareholder for damages of 1.06 trillion rupiah (S$102 million) relating to a notarial deed, the company said in a bourse filing on Sunday. The units are wholly-owned subsidiary Clearbridge Medical Asia and indirect subsidiary Tirta Medika Jaya (TMJ).

Oilfield services firm Rex International on Monday said subsidiary Lime Petroleum AS has completed a farm-in deal for a 15 per cent stake in two Norwegian Sea drilling licences.

First Real Estate Investment Trust (First Reit) saw its unit price fall on Monday, after its former parent company Lippo Karawaci announced plans to start discussions to restructure its leases as the Covid-19 pandemic renders its rental subsidies to the Reit "unsustainable". Units of First Reit dropped 11.3 per cent or 10 Singapore cents to 78.5 cents as at 11.46am before it called for a trading halt.

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