Singapore's UOB says Dubai exposure insignificant

SINGAPORE Nov 30 (Reuters) - Singapore's third biggest lender United Overseas Bank (UOBH.SI) has insignificant exposure to Dubai, a spokesman said on Monday.

UOB shares closed 0.95 percent lower on Monday, outperforming a 1.1 percent decline in the broader Singapore market, which was dragged lower by a 3 percent drop in top lender DBS (DBSM.SI) on worries over its Middle Eastern exposure.

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))