Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.
Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.
SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.
SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.
Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
Shares in CIMB Thai Bank Pcl jumped as much as 23 percent to 2.96 baht, the highest since Nov. 5, 2010, after a newspaper reported that its parent, CIMB Group Holdings Bhd, planned to buy a stake in Bank of Ayudhya.
BANGKOK-- Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Benchmarks in Singapore, Taiwan and mainland China also fell. Andrew Sullivan, principal sales trader at Piper Jaffray in Hong Kong, said protests in Spain and IMF concerns over Greece continue to worry investors.
BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.
SINGAPORE, Oct 8- The World Bank on Monday cut its 2012 growth forecast for developing East Asia amid a slowdown in China but said economic activity in the region will likely pick up next year. The bank maintained its 2012 GDP forecasts for Indonesia and Thailand, and raised the outlook for Malaysia and the Philippines.
BANGKOK, Oct 8- Following is some company-related and market news which could have an impact on the local market on Monday. --PTT EXPLORATION AND PRODUCTION PCL.
SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, with mining stocks losing ground while banks gained, and traders were looking for new momentum drivers as the market consolidated last week's rise to 14- month highs.
SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, in line with a dip on Wall Street where a surprise drop in the U.S. unemployment rate was overshadowed by investor concern about the coming earnings season.
MELBOURNE, Oct 8- Australian shares are expected to open roughly unchanged on Monday, buoyed by a surprise drop in the U.S. unemployment rate, with the market set to consolidate gains that took the benchmark index to a 14- month high last week.
SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.
LONDON, Oct 5- Insurance prices barely rose in the three months to September as abundant supplies of capital allowed insurers to compete aggressively even after paying out near-record natural disaster claims last year.
Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.
HONG KONG, Oct 5- Malayan Banking Bhd, the country's largest lender, is seeking to raise up to $1.2 billion with a new share offer, capital markets news service IFR said on Friday.
BANGKOK, Oct 5- Most Southeast Asian stock markets gained on Friday, with Indonesia hitting an all-time closing high for a second day and Singapore ending at a two-month high, led by commodities-related stocks such as Golden Agri-Resources. Palm oil companies were among actively traded, with Singapore's Golden Agri-Resources Ltd.
HONG KONG, Oct 5- Asian credit spreads moved in further on Friday boosted by inflows into riskier assets and as sentiment remained upbeat ahead of the crucial US jobs data. The iTraxx Asia ex- Japan investment grade index series 18 tightened by 1-2 bp to 128/ 131 bp after the European Central Bank provided further assurance about its bond buying programme.