Singapore’s benchmark Straits Times Index rose 0.5% to 2,806.51 points on Friday.

The Dow Jones industrial average <.DJI> fell 3.2% 9,931.97 points on Friday. The Standard & Poor’s 500 Index <.SPX> dropped 3.44%, while the tech-heavy Nasdaq Composite Index <.IXIC> slumped 3.64%.

Financials such as DBS (DBSM.SI) and Singapore Exchange (SGXL.SI) are likely to face selling pressure on Monday on worries of a possible debt crisis in Hungary and weak US jobs data.

Singapore Exchange chairman J.Y. Pillay described the nervousness in markets as fears over a “black swan” event in the future, reported Reuters.

“A black swan by definition is an unknown unknown. So, when, where and  how it will strike, nobody knows,” said Pillay in a speech on Saturday. “That investors are cautious is understandable.”

US stocks sold off broadly on Friday after data showed the US economy added far fewer jobs than expected in May, while investors were haunted by growing worries about Europe’s sovereign debt troubles after a Hungarian official said the country was at risk of a Greek-style crisis.

Parkway Holdings (PARM.SI) said late on Friday it had appointed Morgan Stanley (MS.N) to advise shareholders on a US$835 million ($1.2 million) partial takeover bid by Malaysia’s state investment firm Khazanah.

Beverage-to-property conglomerate Frasers and Neave said today it will sell its entire 100% shareholding interest in F&N Vietnam Foods Company for US$3.8 million.

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks the price of 19 commodities including copper and corn, fell 2.3% in New York on June 4, the most since May 14. Noble Group (NOBL SP), the Hong Kong-based commodities supplier partly owned by China Investment Corp., slid 1.6% to $1.82. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, advanced 3.7% to $2.50.

Shipping companies: The Baltic Dry Index, which measures the cost of transporting commodities, dropped 2.3% in London on June 4, taking its six-day loss to 8.7%.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, climbed 2.9% to $1.44. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 2.1% to $13.46.

CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it plans to build homes that are “affordable” in China by standardising designs and controlling costs, the local press reported yesterday, citing the company’s Chief Executive Officer Liew Mun Leong. While there are uncertainties in China’s property market in the short term, Liew expects the market is sustainable in the long run, it reported. CapitaLand was unchanged at $3.60.

Fraser & Neave (FNN SP): The property developer and brewer said it sold F&N Vietnam Foods Co. unit for US$3.8 million ($5.4 million). Fraser & Neave lost 1% to $4.85.

Mermaid Maritime Pcl (MMT SP): The provider of drilling services in the oil and gas industry said it won a US$2.8 million contract from an unnamed customer operating in the Sakhalin region. Mermaid Maritime advanced 8.2% to 53 cents.

TPV Technology (TPV SP): The world’s biggest contract manufacturer of computer monitors plans to raise wages in China by between 15% and 20% after increasing pay by 15% in January, the Taipei-based Commercial Times reported on June 5, citing Chairman Jason Hsuan. TPV increased 2.2% to 92 cents.

Wilmar International (WIL SP): The world’s biggest palm-oil trader said its Wilmar China New Investment Pte unit bought Liaoning Jinxin Biology & Chemistry Co., a corn processor in China, for 244 million yuan ($50.5 million). Wilmar gained 2.1% to $5.80.