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STI drifts 10.89 points lower to 2,620.19 after Q2 GDP advance estimates, pharma stocks jump

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REGIONAL markets were broadly softer on Tuesday, following an overnight dip in US technology heavyweights that weighed on the S&P500 index. Read more at The Business Times.

Singtel also recently said it would liquidate its video-streaming unit Hooq, which counted Sony and Warner Brothers as co-owners. South Korea’s e-commerce giant Coupang Corp is reportedly planning to buy the assets of Hooq.Hyphens Pharma International closed at S$0.48, up 50 per cent for the day. The company said on Monday that its patent for Ceradan Advanced, an emollient therapy formulated for eczema-prone skin, has been granted in the UK.

Two weeks ago, the company reported “robust uptake” in Australia for a product called Xativa since its launch in April. Xativa is a medicinal cannabidiol in a wafer that dissolves when placed under a patient’s tongue.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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