STOCKS NEWS ASIA-Shares seen pressured by financials, oil

SYDNEY, May 14 (Reuters) - Asian shares are set for a
lacklustre start on Wednesday, with financials seen falling
after the Federal Reserve chairman said credit markets were
still troubled, while record oil continued to stoke inflation
worries.

U.S. financial firms fell on Tuesday after Fed Chairman Ben
Bernanke said the credit crisis was not over and strong demand
from financial institutions to borrow from the U.S. central
bank showed "markets are still far from normal."

Several other Fed officials also expressed a growing
concern about inflation that may signal a pause in interest
rate cuts.

But the technology sector may be buoyed by news that
billionaire investor Carl Icahn is considering launching a
proxy fight for the Internet company Yahoo Inc (YHOO.O: Quote, Profile, Research) after
takeover talks between Yahoo and Microsoft Corp (MSFT.O: Quote, Profile, Research) were
abandoned.

Asian stocks listed on Wall Street .BKAS rose 0.40
percent, while the MSCI's measure of Asia Pacific stocks
excluding Japan .MSCIAPJ rose 0.6 percent overnight.

HEADLINES: > Oil, financials hit Dow; techs lift Nasdaq

[nN13429633] > Icahn may run Yahoo proxy campaign -- source

[nN13430707] > Wal-Mart 1st-qtr profit up; outlook hits
shares
[nN13361838] > MBIA,Ambac capital level risk rising, Moody's
says[nN13397223] > Bernanke says crisis not over; prices worry
others[nN13401030] > AIG launches $4 billion in hybrid debt
sale [nN13406838] > U.S. April retail sales firm outside
auto sector [nN13373768] > HP to buy EDS for $12.6 bln in
challenge to IBM [nN13368428] > IAC, Liberty reach agreement
over IAC spin-offs [nN13434149] > Gold drops 2 pct on dollar
rise, platinum tumbles [nL13510353] > Zinc up 7 pct on China
supply losses, tin jumps [nL13102526] > Australia's Westpac
bids $17.6 bln for St George [nSYD40653] > Oil drops;
earthquake hits Chinese shares
[nT338377] > Nissan sees 30% fall in annual profit on weak
US

[nT240296]

KEY INDEXES pct change

Bank of New York Asia ADR index .BKAS +0.40

Dow Jones Industrial Average .DJI -0.34

Nasdaq Composite Index .IXIC +0.27

MSCI Asia Pacific ex-Japan .MSCIAPJ +0.63

Nikkei futures in Chicago 2NKc1 +1.15

Nikkei futures in Osaka JNIc1 -0.36

ASIAN ADR ACTION:

5 most actively traded: price change/pct

TSMC (TSM.N: Quote, Profile, Research)(2330.TW: Quote, Profile, Research) +1.51

Infosys Tech (INFY.O: Quote, Profile, Research)(INFY.BO: Quote, Profile, Research) -1.28

BHP Billiton (BHP.N: Quote, Profile, Research)(BHP.AX: Quote, Profile, Research) -0.53

Siliconware (SPIL.O: Quote, Profile, Research)(2325.TW: Quote, Profile, Research) +2.85

UMC (UMC.N: Quote, Profile, Research)(2303.TW: Quote, Profile, Research) +1.18

Top 5 performers: price change/pct

NTT (NTT.N: Quote, Profile, Research)(9432.T: Quote, Profile, Research) +6.74

Hitachi (HIT.N: Quote, Profile, Research)(6501.T: Quote, Profile, Research) +4.52

Chalco (ACH.N: Quote, Profile, Research)(2600.HK: Quote, Profile, Research) +3.83

LG.Philips (LPL.N: Quote, Profile, Research)(034220.KS: Quote, Profile, Research) +3.81

Guangshen Railway (GSH.N: Quote, Profile, Research)(0525.HK: Quote, Profile, Research) +3.52

Bottom 5 performers: price change/pct

Metal Storm (MTSX.O: Quote, Profile, Research)(MST.AX: Quote, Profile, Research) -12.19

Nidec Copal (NJ.N: Quote, Profile, Research)(7756.T: Quote, Profile, Research) -3.21

Chartered Semi (CHRT.O: Quote, Profile, Research)(CSMF.SI: Quote, Profile, Research) -3.18

APT Satellite (ATS.N: Quote, Profile, Research)(1045.HK: Quote, Profile, Research) -3.18

China Eastern (CEA.N: Quote, Profile, Research)(0670.HK: Quote, Profile, Research) -3.15

TOP ASIA EVENTS:

For more Asian company earnings, see [ASIA/EQTY]

JAPAN - Earnings: Toyo Engineering (6330.T: Quote, Profile, Research), Chiyoda
Corp (6366.T: Quote, Profile, Research), IHI Corp (7013.T: Quote, Profile, Research), Sony Corp
(6758.T: Quote, Profile, Research) Tokyo Broadcasting (9401.T: Quote, Profile, Research), NEC
Electronics (6723.T: Quote, Profile, Research), Inpex Holdings (1605.T: Quote, Profile, Research)

SEOUL - April unemployment rate

SYDNEY - Earnings: CSR (CSR.AX: Quote, Profile, Research), Optus (STEL.SI: Quote, Profile, Research)
(Reporting by Geraldine Chua, Editing by Jacqueline Wong)