Singapore's DBS says has $1.28 bln Dubai exposure

SINGAPORE Nov 30 (Reuters) - Singapore's top lender DBS Group (DBSM.SI) said on Monday its total exposure to Dubai is about S$1.8 billion ($1.28 billion).

It said in a statement it believed this exposure was manageable as a substantial portion was to Dubai-owned firms operating in Asia that it said were sound.

DBS shares dropped 2.98 percent on Monday on worries about its Dubai exposure, after a Singapore market holiday on Friday.

Asian stocks recovered on Monday after last week's sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, though stocks in the United Arab Emirates tumbled as the market reopened. [ID:nSP362937] (Reporting by Kevin Lim; editing by Neil Chatterjee) ((neil.chatterjee@thomsonreuters.com; +65 6403 5658; Reuters Messaging: harry.suhartono.reuters.com@reuters.net) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))