Singapore Stocks-May dip; ST Engineering in focus
SINGAPORE, Jan 21 (Reuters) - Singapore shares may open lower on Friday as disappointing U.S. earnings and fears of further monetary tightening in China turned sentiment sour.
Singapore Technologies Engineering may be in focus after it said on Thursday its aerospace arm secured S$320 million ($249.4 million) worth of maintenance contracts in the fourth quarter of 2010. ----------------------MARKET SNAPSHOT @ 2352 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1280.26 -0.13% -1.660 USD/JPY 82.95 -0.04% -0.030 10-YR US TSY YLD 3.4547 -- 0.000 SPOT GOLD 1345.95 0.04% 0.550 US CRUDE 89.5 -0.10% -0.090 DOW JONES 11822.80 -0.02% -2.49 ASIA ADRS 142.64 -1.12% -1.61 -------------------------------------------------------------
> Dow, S&P dip as F5 view hits Nasdaq, Google up late > U.S. Treasuries fall as supply worries deepen > Dollar clings to gains; euro resilient > Gold hits two-month low on China tightening fear > Oil dips 2 pct on China fears, U.S. stockpiles
Stocks and factors to watch:
-- MAPLETREE LOGISTICS TRUST
- Mapletree Logistics Trust said on Thursday its fourth-quarter distribution per unit fell 2.5 percent year-on-year to S$1.55. But excluding the one-off S$2.5 million consideration to extend leases and licenses, DPU rose 4.7 percent.
-- ASCOTT RESIDENCE TRUST
- Ascott Residence Trust said on Friday its fourth-quarter distribution per unit rose 16 percent year-on-year to S$2.16. Revenue increased 58 percent to S$72.8 million, helped by the additional revenue from 28 properties injected into the firm's portfolio.
- CapitaLand, Southeast Asia's largest property developer, said on Thursday some of the operations, investment properties and developments of its Australian unit Australand have been affected by the recent floods in Queensland.
-- DUKANG DISTILLERS
- Dukang Distillers, a Singapore-listed Chinese producer and seller of alcohol products, said on Thursday it had received approval from Taiwan authorities for the listing of 130 million Taiwan Depository Receipts on the Taiwan Stock Exchange.
- Singapore's benchmark Straits Times Index was down 1.13 percent on Thursday to 3,205.48 points.
- The Dow Jones industrial average lost 0.02 percent to finish at 11,822.80. The Standard & Poor's 500 Index retreated 0.13 percent to 1,280.26. The Nasdaq Composite Index fell 0.77 percent to 2,704.29.
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(Local currency) LME price overview (Reporting by Eveline Danubrata, editing by Miral Fahmy)
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