Trader's Highlight

DJI-NEW YORK, Sept 1 (Reuters) - U.S. stocks fell for a third straight day on Tuesday, spooked by uncertainty over the health of financials and concerns that the explosive rally since March may have run ahead of economic reality.

The Dow Jones industrial average <.DJI> tumbled 185.68 points, or 1.96 percent, to close at 9,310.60. The Standard & Poor's 500 Index <.SPX> fell 22.58 points, or 2.21 percent, to 998.04. The Nasdaq Composite Index <.IXIC> slid 40.17 points, or 2.00 percent, to 1,968.89.

NYMEX-NEW YORK, Sept 1 (Reuters) - U.S. crude oil futures pared losses slightly in post-settlement trading on Tuesday after the American Petroleum Institute's inventory data showed a larger-than-expected crude stock drawdown last week.

On the New York Mercantile Exchange, at the 5:15 p.m. EDT (2215 GMT) close of electronic trading, October crude was down $1.74, or 2.49 percent, at $68.22 a barrel. It had settled down $1.91, or 2.73 percent, at $68.05, trading $68 to
$71.37.

CBOT-SOYBEANS - September down 86 cents at $10.14 a bushel; new-crop November down 24 at $9.55-1/2.

Good crop weather in the United States weighs and front-month spread corrects as longs liquidate September. Spot soybean basis markets hold firm given strong nearby demand, tight stocks and no Sept deliveries. But some river terminals are backing off spot bids

CBOT-SOYOIL - September down 0.46 cent at 34.53 cents per lb. Spillover sales from soybeans, crude oil.

FCPO-KUALA LUMPUR, Sept 1 (Reuters) - Malaysian crude palm oil futures dropped as much as 3 percent to hit a near two-week low on Tuesday as weaker soyoil prices dragged on sentiment and some traders unwound positions on fears of slowing exports.

The benchmark November contract on the Bursa Malaysia Derivatives Exchange fell 71 ringgit to a low of 2,299 ringgit ($651.3) per tonne, a level unseen since Aug 21., before settling at 2,303 ringgit.

REGIONAL EQUITIES-BANGKOK, Sept 1 (Reuters) - Singapore's stock market posted a
small gain on Tuesday, with DBS up after it appointed a new CEO, but most other markets in the region retreated from their highs as a drop in oil prices weighed on energy and commodity stocks.

Singapore's index <.FTSTI> inched up 0.13 percent, after a 1.89 percent fall on Monday, with DBS Group , Southeast Asia's biggest lender, rising 0.63 percent.

It has appointed Piyush Gupta from Citigroup as its new chief executive, hoping the veteran banker will help it expand in India and China.

Indonesia <.JKSE> lost 0.6 percent, Malaysia's index <.KLSE> eased 0.3 percent on resuming trade after a market holiday on Monday and the Philppine market <.PSI>, which was also closed on Monday, dropped 1.08 percent.