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DJI-NEW YORK, Nov 16 (Reuters) - Global equity markets and the euro slid on Wednesday, with U.S. stocks staging a late-day sell-off on a U.S. bank warning, amid growing doubts governments in Europe can contain the euro zone debt crisis.

The euro fell for a third straight session against the dollar to hit a five-week low as rising French and Italian borrowing costs heightened concerns about contagion from the two-year-old debt crisis.

The Dow Jones industrial average <.DJI> closed down 190.57 points, or 1.58 percent, at 11,905.59. The Standard & Poor's 500 Index <.SPX> was down 20.90 points, or 1.66 percent, at 1,236.91. The Nasdaq Composite Index <.IXIC> was down 46.59 points, or 1.73 percent, at 2,639.61.

NYMEX-NEW YORK, Nov 16 (Reuters) - U.S. crude futures jumped sharply on Wednesday on news of plans to reverse the Seaway crude oil pipeline next year, a move expected to help relieve an oil glut at the Cushing, Oklahoma hub.

Brent crude futures tumbled intraday and the pipeline news prompted more unwinding of Brent's premium to its U.S. counterpart.

On the New York Mercantile Exchange, December crude rose $3.22, or 3.24 percent, to settle at $102.59 a barrel, having traded from $98.39 to $102.89.

CBOT-SOYBEANS, Soybean futures on the Chicago Board of Trade fell 1 percent, snapping a three-day rise as strength in the U.S. dollar amid concerns about the euro zone crisis sparked long liquidation, traders said.

Soy market setting back after a three-day rally amid talk that China was buying U.S. soybeans, purchasing up to 10 cargoes in recent days.

FCPO-JAKARTA, Nov 16 (Reuters) - Malaysian palm oil futures reversed earlier losses to hit a five-month high on Wednesday, buoyed by expectations of rising demand, lower output, but lingering worries about the euro zone debt capped gains.

Benchmark January palm oil futures on the Bursa Malaysia Derivatives Exchange closed 2 percent higher at 3,241 Malaysian ringgit ($1,027) per tonne. Prices earlier touched a peak at 3,255 ringgit, a level not seen since June 16.

REGIONAL EQUITIES-BANGKOK, Nov 16 (Reuters) - Most Southeast Asian stock markets were steady on Wednesday, giving up early gains as concern about the euro zone's debt problems came to the fore, but merger deals and imminent changes to MSCI indices prompted selective buying.

Asian shares elsewhere retreated as signs that higher borrowing costs were affecting AAA-rated France stirred fears that even core euro zone members may not escape contagion from the region's debt crisis.

Stocks in Malaysia <.KLSE>, Indonesia <.JKSE> and Singapore <.FTSTI> ended practically flat. Thailand <.SETI> ended up 1.2 percent but the Philippines <.PSI> fell 0.5 percent. Vietnam <.VNI> edged up 0.8 percent, snapping seven days of losses.

Among bright spots, shares in Singapore-listed Chinese property developer Yanlord Land surged as much as 14.6 percent after high-profile investors raised their stakes in the company.