Singapore Market Highlights - 08 Sept, 2015

Market Highlights

• Singapore shares opened higher with Straits Times Index climbing 7.08 points to 2,859.49.

• Asian stocks rally with Aussie on Japan boost before China trade.

• China exchanges are planning circuit-breaker to "stabilise market".

• Geo Energy said no known explanation for shares' sharp drop.

• Robust Plan withdrew offer for Cordlife's CCBC shares & notes.

• YuuZoo in mobile games tie-up.

• Lizhong bidder's now stake at 86.98%.

• Raffles Medical Group to open its first medical centre in Japan.

• Blumont cuts rights offering price from 0.675 cent to 0.2 cent.

• Weak economic outlook alongwith oversupply weigh on oil markets.

• Palm oil prices to remain flat until year end.

• China will cut dividend taxes for long-term shareholders.

• China's banks are getting less strict on bad loans, Moody's says.