The World Bank raised its growth forecast for China and urged the government Thursday to tighten monetary policy to avert risks from inflation and its surging real estate market.

South Korea's Hyundai Motor Co reported a 47 percent rise in quarterly net profit on Thursday, driven by strong global demand for its new models and as its Japanese rivals grapple with the aftermath of the March 11 earthquake and tsunami.

Indian stocks extended their fall on Thursday, though the losses were modest, with the technology sector staying under pressure after software outsourcer Wipro Ltd's results and outlook disappointed.

Japan's recent disasters could create opportunities for South Korean steel makers including industry leader Posco, some analysts say, but others fear a rise in exports from Japanese mills could pose risks.

* Index up 0.47 percent, seen in 3,180-3,200 in afternoon * Sembcorp Indus up 2.6 pct on good outlook, valuations SINGAPORE, April 28 (Reuters) - Singapore shares gained 0.47percent by midday on Thursday, ...