STOCKS NEWS ASIA-Shares may fall on banks, exporters

SYDNEY, July 7 (Reuters) - Asian shares are set for a
cautious start on Monday, tracking weaker European stocks, with
financials firms seen pressured by concerns about further
banking writedowns.

Exporters such as Japan's Honda Motor Co may also ease
after the dollar dipped against the yen.

Britain's blue-chip index ended lower on Friday as oil
companies tracked softer crude prices and as banking stocks
fell after Goldman Sachs said European banks may need to raise
60-90 billion euros in total.

The broker lowered 2008-09 estimates for more than 40 banks
and said the sector would be hampered by the risk of additional
capital raisings.

Cost-sensitive airline stocks may rise after oil prices
dropped below $144 a barrel on Friday, though weaker oil may
weigh on energy firms such as Australia's Woodside Petroleum
Ltd.

Wall Street was closed on Friday for the Independence Day
holiday.

The MSCI's measure of Asia Pacific stocks excluding Japan
rose 0.4 last Friday.