DJI-NEW YORK, Dec 8 (Reuters) - Risk aversion swelled on Tuesday driving global stocks down as worries over Dubai's debt problems hit bank shares and the dollar rose against the euro after Fitch Ratings agency downgraded Greece's credit.
The Dow Jones industrial average <.DJI> closed down 1.00 percent, at 10,285.97. The Standard & Poor's 500 Index <.SPX> fell 1.03 percent, at 1,091.94, and the Nasdaq Composite Index <.IXIC> weakened 0.76 percent, at 2,172.99.
NYMEX-NEW YORK, Dec 8 (Reuters) - U.S. crude futures trimmed losses after industry data showed a surprise drawdown in domestic crude inventories last week.
On the New York Mercantile Exchange at 5:05 p.m. EST (2205 GMT), January crude
was down 87 cents, or 1.18 percent, at $73.04 a barrel, after trading as low as $72.43 in post-settlement dealings. It had settled down $1.31, or 1.77 percent, at $72.62, trading $72.51 to $74.39 in regular floor trading hours. The intraday low was weakest since prices dropped to $72.39 on Nov. 27.
CBOT-SOYBEANS - January down 9 cents at $10.44 per bushel. Retreated from early advances, pressed by firmer dollar and declines in crude oil. Additional pressure as traders unwind long soy/short corn spreads. Early strength tied to surge in China's Dalian soy futures to a 14-month high <0#DSAF0>, plus strong U.S. export demand and forecasts for shrinking U.S. soy supplies.
CBOT-SOYOIL - December down 0.20 at 40.11 cents per lb; January down 0.18 at 40.49 cents. Pressured by falling crude oil market, but underpinned by persistent strong gains in Dalian soyoil market. <0#DBYF0>
FCPO-JAKARTA, Dec 8 (Reuters) - Malaysian crude palm oil futures closed little changed on Tuesday, giving up the day's gains of one percent gain ahead of the release of end-November stocks data, traders said.
The benchmark February contract on the Bursa Malaysia Derivatives Exchange settled up 2 ringgit, or 0.08 percent, at 2,561 ringgit ($754.79) per tonne, off the day's high of 2,590 ringgit. Overall volume was 13,138 lots of 25 tonnes each.
Industry regulator Malaysian Palm Oil Board (MPOB) is due to release end-November stocks data on Thursday.
REGIONAL EQUITIES-BANGKOK, Dec 8 (Reuters) - Singapore stocks eked out small
gains on Tuesday, led by big-cap property firms such as CapitaLand, but Thai stocks extended losses due to lingering concern over the partial closure of a big industrial estate.
Major stock markets in the region, including Malaysia and Indonesia, were range-bound and turnover was low, as elsewhere in Asia.
Singapore <.FTSTI> ended 0.3 percent higher, with CapitaLand , Southeast Asia's biggest developer, adding 0.2 percent and its recently listed mall operator, CapitaMalls Asia , rising 0.8 percent.
In Kuala Lumpur, the main index <.KLSE> eased 0.3 percent to its lowest since Nov. 30, with gaming company Genting down 2.9 percent and Public Bank falling 0.2 percent.
