Reuters: Hot Stocks: STOCKS NEWS SINGAPORE-Singapore shares falls to 4-mth low

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STOCKS NEWS SINGAPORE-Singapore shares falls to 4-mth low May 18th 2012, 01:15 Thu May 17, 2012 9:15pm EDT Singapore shares fell to a four-month low early on Friday, in line with the regional trend, weighed by concerns about an escalating banking crisis in Spain, political uncertainty in Greece and sluggish economic data from the United States. The Straits Times Index dropped as much as 1.8 percent to around 2,772 points, the lowest since Jan 17. MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.8 percent. Some of the biggest decliners were the three Singapore banks - DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank - as well as developer Hongkong Land Holdings. 0910 (0110 GMT) (Reporting by Eveline Danubrata in Singapore; eveline.danubrata@thomsonreuters.com) *********************************************************** 08:41 STOCKS NEWS SINGAPORE-Index futures down 1.7 pct Singapore index futures fell 1.7 percent early on Friday, indicating a weak start for the benchmark Straits Times Index. Tokyo and Seoul shares are down sharply, weighed by concerns about an escalating banking crisis in Spain and political uncertainty in Greece. 0839 (0039) (Reporting by Eveline Danubrata in Singapore; eveline.danubrata@thomsonreuters.com) Link this Share this Digg this Email Reprints

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