SINGAPORE, March 24 (Reuters) - Singapore financials such
as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) may
be in focus on Tuesday after Wall Street shares posted their
biggest one-day percentage gain since late October on relief
for the battered banking sector and data on a recovering
housing market.
U.S. stocks surged around 7 percent on Monday after the
Obama administration detailed a plan to purge toxic assets from
bank balance sheets, boosting optimism about a revival in bank
lending and driving double-digit gains in financial shares.
----------------------MARKET SNAPSHOT @ 0042 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 822.92 7.08% 54.380
USD/JPY JPY= 97.35 0.27% 0.260
10-YR US TSY YLD US10YT=RR 2.6613 -- 0.007
SPOT GOLD XAU= 943.15 0.64% 6.000
US CRUDE CLc1 53.6 -0.37% -0.200
DOW JONES .DJI 7775.86 6.84% 497.48
ASIA ADRS .BKAS 93.02 9.19% 7.83
-------------------------------------------------------------
> Wall St soars 7 pct on bank plan debut
[.N] > Dollar, yen slide as US bank plan blurs haven allure
[USD/] > Bonds fall as stocks soar on plan for bad assets
[US/] > Gold steadies, ETF eases from record
[GOL/] > Oil hits 3-month high as Wall Street rallies
[O/R]
Stocks and factors to watch:
-- SEMBCORP INDUSTRIES (SCIL.SI)
- The Trade Finance, a magazine quoted by The Business
Times, said that China Exim Bank, which Sembcorp Industries has
been in talks with, is close to providing facilities for a $1
billion-plus Salalah independent water and power project in
Oman.
-- STRAITS ASIA RESOURCES (STRL.SI)
- Coal miner Straits Asia Resources lifted its trading halt
after Thailand's PTT International PTT.BK made a
pre-conditional mandatory offer for the company.
[ID:nSYD422675]
-- WING TAI HOLDINGS LIMITED (WTHS.SI)
- Property developer Wing Tai Holdings Limited said it has
wounded up its subsidiary Winstate Investment Pte Ltd.
[ID:nSN3N70621]
- Singapore's benchmark Straits Times Index .FTSTI rose
4.21 percent to 1,664.08 points on Monday.
- The Dow Jones Industrial Average .DJI gained 6.84
percent to 7,775.86 points. The Nasdaq Composite Index .IXIC
was up by 6.76 percent to 1,555.77 points.
(Reporting by Laurence Tan)
