The acquisition is expected to provide long-term, predictable cash flows to Keppel through investing into a strong and growing business

Investment houses have been recommending S-Reits - local real estate investment trusts - which pay an average dividend yield of 6%

Shares of Chinese construction companies, cement makers and machinery suppliers soared on Monday after Beijing pledged to ramp up infrastructure investment to bolster the slowing economy

State-owned firm has held talks about selling more shares on Riyadh stock exchange as well as a secondary listing, possibly in London, Singapore or other exchanges

Hong Kong rose 3%, while Tokyo, Sydney, Seoul, Singapore, Manila, Bangkok and Jakarta were also up. Wellington and Mumbai dipped, while Shanghai and Taipei were still closed for holidays

GPIF managed 199.3 trillion yen of assets as of the end of December and its return on overall assets was 2.81% over the three-month period, it said in a statement.

Major assets that went public over the last year and are now trading below their listing price include Didi Global, Coupang and Auto1 Group

The stock dipped as much as 5% in after-hours trading after the vehicle manufacturer's fourth-quarter income fell short of analysts' expectations

The company, which runs Foxtel, The Australian, the Herald Sun and The Daily Telegraph, said net income came in flat at $262 million

Overseas markets are expected to recover after the lunar new year holiday and the Beijing Winter Olympics, Japan's top steelmaker said

But Nifty 50 components Tech Mahindra and Adani Ports slumped 4.2% and 2.3% respectively after posting disappointing quarterly numbers

The coffee chain missed estimates on adjusted earnings as wage and commodity inflation contributed to higher operating costs