Singapore - Thai Beverage and Yangzijiang Shipbuilding Holdings will be dropped from the benchmark Straits Times Index (STI) starting September 22, the Singapore Exchange said on Friday.

Extremely low trading volumes were cited for Thai Beverage and plunging market capitalization for Yangzijiang.

They are to be replaced by plantation firm Golden Agri-Resources and Jardine Matheson Holdings, which owns properties across Asia.

The changes follow a six-month review of the index.

After opening with a gain of 107.79 points at 14,432.08, the 30-share index, BSE Sensex went down on account of heavy selling action witnessed in IT, real estate and banking stocks.

BSE Midcap and Smallcap lost 0.73% and 0.41% respectively.

On Thursday (Sep 11), the Sensex marked its closure after losing 338.32 points, whereas the NSE Nifty fell by 109.95 points.

Tokyo - Tokyo stocks rebounded Friday after overnight gains on Wall Street.

The benchmark Nikkei 225 Stock Average rose 128.49 points, or 1.06 per cent, in morning trading to 12,230.99.

The broader Topix index of all first-section issues was also up 12.44 points, or 1.06 per cent, at 1,175.16.

Investors in Tokyo and New York were cheered by takeover speculation about embattled Lehman Brothers Holdings Inc, which helped lift concern about financial markets.

New York - Wall Street stock indices rose Thursday as transportation firms were helped by falling oil prices, and banking shares staged a late-day rally on takeover speculation about embattled Lehman Brothers Holdings Inc.

US railroad company CSX Corp surged more than 10 per cent as crude oil for October delivery fell another 1.68 dollars to 100.90 dollars per barrel in New York.

New York  - Wall Street stock indices rose Thursday as transportation firms were helped by falling oil prices, and banking shares staged a late-day rally on takeover speculation about embattled Lehman Brothers Holdings Inc.

US railroad company CSX Corp surged more than 10 per cent as crude oil for October delivery fell another 1.68 dollars to 100.90 dollars per barrel in New York.

Singapore - Stocks on the Singapore Exchange fell 2.5 per cent on Thursday with banks leading the decline.

The benchmark Straits Times Index slid 66.77 points to 2,569.58.