Daily Briefing: Noble Group tumbles in Singapore; Why SGX is separating its roles

And Singapore’s STI falls with region after U.S oil prices drop.

Noble Group Ltd., the embattled commodities trader raising about $500 million in a rights issue, received a query from the Singapore exchange over trading of its shares as the stock plunged to the lowest level since 2003. The shares sank 18 percent to 13.3 Singapore cents at the close, the biggest one-day decline since November 2011, after the exchange highlighted “unusual price movements.” Read more here.

Last month, the Singapore Exchange (SGX) issued a release announcing their intention to set up a separate subsidiary company to undertake all front-line regulatory functions that it currently performs. For those who are wondering what this news means, we first need to understand the main roles that SGX currently plays. Find out more here.

Falling oil prices in the U.S. and anticipation about a Japanese government stimulus package set the backdrop for a stroppy day of trading Tuesday. The FTSE Straits Times Index is 0.7% lower at 2872.22. Global Logistic Properties (MC0.SG) gains 1%. Read more here.

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