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Asia News - Category Archive

May 18
Friday

Stock Market is Down in Singapore

Filed under Asia News, Southeast Asia
SINGAPORE, May 18 (Reuters) - Singapore shares may fall on
Friday as an escalating banking crisis in Spain and the
political uncertainty in Greece fueled concerns of a euro zone
break-up.
    Sembcorp Marine Ltd, the world's second largest
oil rig builder, may be in focus after announcing it had secured
three contracts worth a total of S$130 million ($103 million).

 ----------------------MARKET SNAPSHOT @ 0000 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1304.86     -1.51%   -19.940
 USD/JPY                          79.4         0.08%     0.060
 10-YR US TSY YLD                 1.7022          --     0.012
 SPOT GOLD                        1574.78      0.10%     1.530
 US CRUDE                         92.61        0.05%     0.050
 DOW JONES                        12442.49    -1.24%   -156.06
 ASIA ADRS                        114.51      -0.59%     -0.68
 -------------------------------------------------------------                 

 > Nervous investors send S&P lower for fifth day
> U.S. bonds climb on weak data, Europe worries
> Yen advances; Greece, Spain woes slam euro
> Gold rallies from rout on technicals; dead-cat bounce
> Oil skids on euro zone woes, weak economic data       	

    Stocks and factors to watch:
    -- HEALTHWAY MEDICAL CORP LTD
    - Healthway Medical said on Thursday it plans to place out
up to 135 million new shares at S$0.075 each, a 7.4 percent
discount to the last closing price of S$0.081.
      The proceeds of around S$10.1 million will be used for
business expansion in Singapore and China, loan repayment, as
well as working capital and corporate purposes, it said.	

    -- UNITED INDUSTRIAL CORP LTD
    - United Industrial said its subsidiary had awarded the main
building contract worth about S$337 million for the UIC Building
Redevelopment Project at 5 Shenton Way, Singapore, to Samsung C
& T Corp. Construction is scheduled to start in September 2012.	

    -- IPC CORP LTD
    - IPC Corp said on Thursday it had agreed to buy a piece of
land to build a 75-unit condominium project in Oiso, Japan. The
project, costing a total of around 2.48 billion yen ($31.2
million), is scheduled to be completed by the third quarter of
2013. 	

    - Singapore's benchmark Straits Times Index dropped
0.30 percent on Thursday to 2,822.61 points.
    - The Dow Jones industrial average lost 1.24 percent
to 12,442.49. The Standard & Poor's 500 Index retreated
1.51 percent to 1,304.86. The Nasdaq Composite Index
fell 2.10 percent to 2,813.69. 	

    ASIA-PACIFIC STOCK MARKETS:
    Japan             S.Korea       China
    Hong Kong        Taiwan        SE Asia
    Australia/NZ     India      	

    OTHER MARKETS:
    Wall Street       Gold         Currency
    Eurostocks       Oil           JP bonds
    ADR Report      LME metals  US bonds  	

    STOCKS NEWS US, Europe, Asia: 	

    DIARIES & DATA:
    IPO diary & data
       U.S. earnings diary
      Singapore diary
         Eurostocks Week Ahead
     Asia earnings diary
      European diary
    Wall Street Week Ahead
    TOP NEWS:
      Asian companies       U.S. company
News
      European companies    Forex news
    Global Economy       Technology
    Telecoms            Media news
      Banking news
General/political
    Asia Macro
    LIVE PRICES & DATA:
    World Stocks        Currency rates
    Dow Jones/NASDAQ  Nikkei
    FTSE 100 Debt
    (Local currency) LME price overview
($1 = 79.5400 Japanese yen)


All entries filed under Asia News


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