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Daily Debrief: What Happened Today

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Asian markets mostly rose Tuesday after Donald Trump said he would thump China with another round of tariffs but give some room for talks before jacking them up to the highest rate.

Asian markets show resilience despite Trump tariff hit
AFTER an early sell-off, Asian markets enjoyed a bounce on hopes officials from the world's top two economies will be able to thrash out an agreement before the end of the year.

CapitaLand buys 16 multifamily properties in US for US$835m
THE portfolio comprises 3,787 apartment units located in suburban communities of the metropolitan areas of Seattle, Portland, Greater Los Angeles and Denver.  

Pharma giant Merck opens S$20m facility in Singapore
PHARMACEUTICAL firms in Asia can get quicker, more accessible testing services for their biological drug products from Merck's first BioReliance laboratory in the region, part of the pharmaceutical giant's new S$20 million, 3,800-square-metre facility in Singapore which was officially opened on Tuesday. 

EMA investigating blackout that hit large parts of Singapore on Tuesday morning
LARGE parts of Singapore from Bedok to Jurong were hit by a blackout early on Tuesday morning, affecting close to 150,000 residential and commercial customers.

Market voices on:

Sembcorp inks 20-year deal to supply solar power to Facebook's Singapore operations
WITH this deal, Sembcorp has become Facebook’s first renewable energy partner in Asia.

OUE Lippo Healthcare plans to acquire stakes in First Reit, manager Bowsprit for S$142m
OUE Lippo Healthcare Limited (OUELH) has proposed to acquire 10.63 per cent of First Reit's total issued units and a 40 per cent stake in the Reit's (real estate investment trust) manager Bowsprit Capital Corporation Limited for about S$142 million, the healthcare company announced on Tuesday afternoon. 

Plastoform to close Shenzhen production plant; plans to liquidate unit
FOLLOWING the production closure, the group intends to submit an application to the court in China to liquidate its wholly owned Shenzhen subsidiary.

The STI today

Singapore shares close 0.1% lower on Tuesday
SINGAPORE stocks inched slightly lower on Tuesday, with the Straits Times Index dropping 2.06 points, or 0.1 per cent, to 3,139.34.