Wall Street's main indices closed sharply lower on Thursday, marking their deepest one-day declines since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.

The Nasdaq led the pullback with a decline of almost 5 per cent a day after it and the S&P 500 posted record closing highs. The Nasdaq's biggest drags came from heavyweights Apple Inc, Microsoft, Amazon.com, Tesla and Nvidia.

Earlier in the day, data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained extraordinarily high. Separately, a survey showed US services industry growth slowed in August, likely as the boost from the reopening of businesses and fiscal stimulus faded.

Parkway Life Reit will be included in the FTSE EPRA NAREIT Global Developed Index after the close of business on Sept 18, it said on Thursday. The index is a leading benchmark index for listed real estate investment companies and Reits worldwide.

Frasers Centrepoint Trust (FCT) is proposing to raise up to S$1.39 billion in equity through a private placement and/or a preferential offering, to fund its acquisition of the remaining 63.1 per cent of AsiaRetail Fund (ARF) for S$1.06 billion.

Asian Healthcare Specialists (AHS) said on Thursday that it has issued 25 million shares to Encyclia and Vanda at a conversion price of S$0.1602, as earlier agreed. The conversion shares represent around 5.48 per cent of the enlarged issued and paid up share capital of the AHS.

Chip Eng Seng's wholly-owned subsidiary, CES Edutech, has fully converted a US$4.95 million convertible loan provided to Cybint International into shares, it said on Thursday. As a result of the conversion, Cybint International is now an associated company of Chip Eng Seng.

Nintendo said on Thursday it would re-release classic titles featuring popular character Mario for a limited time on its hit Nintendo Switch console to mark 35 years since the launch of landmark game Super Mario Bros.

DBS Private Bank (DBS PB) has generated strong growth in assets under management (AUM) this year, despite the market volatility and economic uncertainty brought on by Covid-19. DBS PB's AUM rose by over 9 per cent in the current year to end-June, and net new money inflow surged by 170 per cent.

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