Focus on data releases this week

After a full week of trading, the Singapore market has a four-day week ahead, thanks to the Labour Day holiday on Wednesday.

Meanwhile, the latter gained 0.3 per cent to 8,146.40. The Dow Jones Industrial Average advanced 0.3 per cent on Friday, to close at 26,543.33. Six STI component companies reported their earnings for the first three months of the calendar year last week.Today, DBS Group Holdings reveals first-quarter earnings and Ascendas Reit will post fiscal 2018 results.

Trading in the shares of the skincare maker and distributor were halted at 11.25am last Wednesday after falling 9 per cent, following a report by shortseller Bonitas Research that questioned the accounting behind Best World's profits and its sales practices in China.The private sector's Caixin PMI, focusing more on smaller and medium-sized companies, will be out on May 2.

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