

Singapore shares are likely to open lower on Thursday after U.S. stocks plunged more than 3 percent overnight as investors saw the spike in Italian bond yields as a signal that the European debt crisis had worsened.
Singapore Telecommunications may be in focus after it posted its sixth straight year-on-year decline in quarterly profit, hit by smaller contributions from Indian associate Bharti Airtel .
Singapore-listed commodities firm Noble Group may also be in the spotlight after reporting on Wednesday its first
quarterly loss in more than a decade, hurt by turbulence in commodity prices as the global economy weakened.
It announced on the same day that chief executive Ricardo Leiman had quit for personal reasons, and that chairman and founder Richard Elman will run the company until a successor is
named.
----------------------MARKET SNAPSHOT @ 2354 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1229.1 -3.67% -46.820
USD/JPY 77.74 -0.05% -0.040
10-YR US TSY YLD 1.9659 -- 0.000
SPOT GOLD 1772.79 0.18% 3.250
US CRUDE CLc1 95.75 0.01% 0.010
DOW JONES 11780.94 -3.20% -389.24
ASIA ADRS 116.14 -3.83% -4.62
-------------------------------------------------------------
> Wall St sinks as European debt plight worsens
> U.S. bonds gain on safety bid as Italy fears mount
> Euro drops most in 15 months as Italy worries grow
> U.S. gold futures drop more than 1 pct
> Crude falls on Europe woes, shrugs U.S. draws
Stocks and factors to watch:
-- CAPITAMALL TRUST
- Singapore shopping mall owner CapitaMall Trust on Thursday
requested a halt in the trading of its shares pending release of
an announcement related to its proposed private placement. The
company said on Oct 31 that it planned to issue up to 139.7
million new units at between S$1.79 and S$1.85 each.
-- STARHUB
- StarHub, Singapore's second-biggest telecom firm, said on
Wednesday its third-quarter net profit fell 7.6 percent from a
year ago as operating expenses rose faster than revenue.
-- YANLORD LAND GROUP
- Singapore-listed Chinese developer Yanlord said on
Wednesday its third-quarter net profit plunged 99 percent to 6.5
million yuan ($1 million) from a year earlier, hurt by lower
gross floor area delivered to customers and average selling
price per square metre, as well as greater net foreign exchange
loss.
- Singapore's benchmark Straits Times Index fell
0.27 percent on Wednesday to 2,858.66 points.
- The Dow Jones industrial average lost 3.20 percent
to finish at 11,780.94. The Standard & Poor's 500 Index
retreated 3.67 percent to 1,229.10. The Nasdaq Composite Index
sunk 3.88 percent to 2,621.65.
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($1 = 6.340 Chinese Yuan)
source: reuters.com