The global stock rally looked set to extend into Thursday as investors clung to optimism for a speedy economic recovery from the pandemic. Treasury yields jumped and the dollar retreated. Equity futures rose in Japan, Hong Kong and Australia. The Nasdaq 100 earlier briefly surpassed its February closing record and banks led the S&P 500 Index to a three-month high. The dollar dropped to its weakest since early March. Gold and Treasuries slumped as investors turned away from havens after U.S. private payrolls showed fewer job losses than forecast in May.

Parkson Retail Asia has drawn a query from the Singapore Exchange (SGX)  over the unusual volume movements in the trading of its shares on Wednesday. Shares in the usually illiquid stock surged 114.29 per cent or 0.8 Singapore cent to S$0.015 on volume of 30.3 million on Wednesday, sparking the query.

Breadtalk Group on Wednesday said the company will be delisted from the Singapore Exchange on June 5, 9am, following the completion of its compulsory acquisition.

Valuetronics Holdings posted a 10.3 per cent drop in net profit to HK$178.9 million (S$32.3 million) for its full year ended March 31, 2020, from HK$199.5 million a year ago.

KrisEnergy has suspended production at the Wassana oil field in the Gulf of Thailand till further notice, in view of the many uncertainties ahead, it said on Wednesday.

Catalist-listed Hatten Land said on Wednesday that the holders of its US$25 million, 8-per-cent guaranteed secured bonds due 2020 have agreed to let it defer repayment on the bonds once again. Hatten Land said on Wednesday that the bondholders have agreed to push the repayment date out to July 8, 2020. The bonds, issued in 2018, were meant to mature on March 8, but Hatten Land had previously obtained approval to defer that to June 8, 2020.

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