STOCKS NEWS ASIA-Stocks to fall after poor U.S. jobs data

(For the latest on global markets, click [MKTS/GLOB])
WELLINGTON, July 3 (Reuters) - Asian stocks are likely to fall
on Friday after the U.S. unemployment rate hit its highest
level in 26 years, hitting Wall Street stocks and casting doubt
on the speed of an economic recovery.

The main U.S. share indices fell by up to 2.9 percent,
though volume was thinner than usual with the market winding
down for the long weekend Independence Day holiday.

U.S. employers cut 467,000 jobs in June, far more than
expected, while unemployment in the euro zone also hit 9.5
percent, a 10-year high. [ID:nN01210643] [ID:nL2714438]

British and European shares fell by around 2.5 percent.

The European Central Bank left interest rates at 1 percent,
raising expectations of low interest rates for some time yet.
[ID:nL2512532]

Japanese shares are set to slide, with Nikkei futures
traded in Chicago 2NKc1 145 points below the last closing
level in Osaka JNIc1.

Australian markets are also likely to fall, with September
index futures YAPcm1 at 3,779, a 98.3 point discount to the
underlying S&P/ASX 200 index's close on Thursday, when
it rose 0.1 percent.

The U.S. dollar as the bleak jobs report stoked safe-haven
demand, with the yen also gaining.

Oil prices slumped nearly 4 percent on the U.S. data, on
fears of falling demand in the world's biggest energy consumer.

HEADLINES: > Bleak payrolls report mauls Wall St; volume
thin [nN02297873] > Rising US, euro zone joblessness hits
recovery hope[nSP476861] > Fate of GM in hands of US bankruptcy
judge [nN0287954] > ECB holds rates, to start buying
bonds next week [nL2512532] > J&J buys $1 bln Elan stake,
gains Alzheimer's R&D [nL2891369] > US to give regulatory
reforms details next week [nN0293483] > Warren Buffett
donates $1.5 bln Berkshire shares [nN0293032] > Exelon ups
NRG hostile bid; NRG shares slip [nN02545292] > Oil falls
nearly 4 pct on weak U.S. economy [nSYD481718] > North
Korea ups tension with short-range missiles [nSEO208700] >
Strong demand for Rio issue; Chinalco bids in full[nSYD476934]

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KEY INDEXES pct change

Bank of New York Asia ADR index -2.77

Dow Jones Industrial Average .DJI -2.63

Nasdaq Composite Index .IXIC -2.67

MSCI Asia Pacific ex-Japan .MSCIAPJ -0.48

Nikkei futures in Chicago 2NKc1 9,745

Nikkei futures in Osaka JNIc1 9,890

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ASIAN ADR ACTION:

5 most actively traded: pct change

Siliconware (SPIL.O: Quote, Profile, Research)(2325.TW: Quote, Profile, Research) 4.72

Infosys Tech (INFY.O: Quote, Profile, Research)(INFY.BO: Quote, Profile, Research) -3.00

TSMC (TSM.N: Quote, Profile, Research)(2330.TW: Quote, Profile, Research) -0.74

AU Optronics (AUO.N: Quote, Profile, Research)(2409.TW: Quote, Profile, Research) -0.20

BHP Billiton (BHP.N: Quote, Profile, Research)(BHP.AX: Quote, Profile, Research) -3.46

Top 5 performers: pct change

Genetic Tech (GENE.O: Quote, Profile, Research)(GTG.AX: Quote, Profile, Research) 12.59

Webzen (WZEN.O: Quote, Profile, Research)(069080.KQ: Quote, Profile, Research) 5.88

Siliconware (SPIL.O: Quote, Profile, Research)(2325.TW: Quote, Profile, Research) 4.72

Satyam (SAY.N: Quote, Profile, Research)(SATY.BO: Quote, Profile, Research) 2.77

Hutchison Tel (HTX.N: Quote, Profile, Research)(2332.HK: Quote, Profile, Research) 2.60

Bottom 5 performers: pct change

China Southern (ZNH.N: Quote, Profile, Research)(1055.HK: Quote, Profile, Research) -7.15

China Unicom (CHU.N: Quote, Profile, Research)(0762.HK: Quote, Profile, Research) -6.73

Chartered Semi (CHRT.O: Quote, Profile, Research)(CSMF.SI: Quote, Profile, Research) -6.44

Telecom Corp. NZ (NZT.N: Quote, Profile, Research)(TEL.NZ: Quote, Profile, Research) -6.27

Kubota Corp. (KUB.N: Quote, Profile, Research)(6326.T: Quote, Profile, Research) -6.11

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TOP ASIA EVENTS:

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

JAPAN - Finance Minister Yosano news conference

STH KOREA - Finance Ministry to issue July Green Book
(Reporting by Adrian Bathgate)