Reuters: Hot Stocks: STOCKS NEWS SINGAPORE-Index futures rise 0.4 pct

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STOCKS NEWS SINGAPORE-Index futures rise 0.4 pct Apr 27th 2012, 00:37 SINGAPORE, April 27 | Thu Apr 26, 2012 8:37pm EDT SINGAPORE, April 27 (Reuters) - Singapore index futures rose 0.4 percent early on Friday, indicating a higher start for the benchmark Straits Times Index. Asian shares inched up on Friday, tracking U.S. stocks which jumped overnight on strong U.S. housing data and earnings, but concerns over the health of European banks weighed on investor risk appetite after Standard & Poor's downgraded Spain's rating. 0833 (0033 GMT) (Reporting by Eveline Danubrata in Singapore; Editing by Paul Tait)

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