Asian stocks looked set to follow U.S. shares higher for a third day as investors continued to bet on an economic recovery from the coronavirus pandemic. The dollar dropped. Futures pointed higher in Japan with the yen slumping overnight. Contracts in Hong Kong and Australia also advanced. Earlier, the S&P 500 climbed to its highest since early March with energy shares rising as crude oil extended its rebound. Gunmakers extended rallies as Trump vowed to dispatch troops if social unrest isn’t contained. Treasuries retreated. Crude oil advanced.

The Commercial Affairs Department (CAD) of the Singapore Police Force, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (Acra) have launched a joint investigation into Hyflux and its current and former directors for suspected false and misleading statements and breaches of disclosure requirements under the Securities and Futures Act, as well as non-compliance with accounting standards under the Companies Act.

CSE Global has posted a net profit of S$7.1 million in the first quarter, up 23.1 per cent from the same period a year earlier, on higher takings from the Americas and the Asia-Pacific regions.

The rights issue of shares by Singapore Airlines (SIA) has been fully subscribed, though shareholders were less keen to participate in the rights issue of mandatory convertible bonds (MCBs), application results out on Tuesday showed.

Low Soon Teck, the chief financial officer (CFO) of IHH Healthcare, has quit "to pursue his own interests or other opportunities". The 55-year-old Singaporean's resignation will be effective on Aug 12, said IHH on Monday evening.

The Singapore Exchange (SGX) will launch 10 Singapore Single Stock Futures (SSFs) on June 15 in response to growing demand for a broader suite of Singapore-linked equities products, it said on Tuesday.

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