Singapore stocks fell in opening trades, with STI down 22.37 points to open at 3053.07. Other Asian stock markets were also weaker as signs of growing political instability in the Middle East and North Africa fueled fears of a spike in oil prices that would undermine global economic growth.

News Updates:

1. Dow Jones Industrial Average finished with its biggest point and percentage drop since Aug. 11 as it shed 228.48 points, or 1.87%, to 11984.61.
2. U.S. imports jumped 5.2%, the most since 1993, while exports grew 2.7%.
3. U.S initial claims for unemployment benefits unexpectedly rose for the week ended March 5.
4. China February Consumer Price Index (CPI) rises 4.9% on-year and February Producer Price Index (PPI) rises 7.2% on-year.

Corporate Announcement:

1. Swiber secured a contract from an international major oil company in South East Asia worth approximately US$34 million.

2. Keppel Corp's Keppel shipyard has secured two contracts worth $170 million for two fast-track projects.

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. <The Quick Picks referred herein contain overnight positions from Yesterday>

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Stock Prices last updated at 12:02 (Singapore Time)