Tuesday, March 13, 2007

Asian shares slide on U.S. home loan woes

Asian shares slumped on Wednesday, tracking heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending.

Bond yields and metals prices slid too, as investors still nursing losses from a sharp sell-off two weeks ago sent Japanese stocks down more than 3 percent.

Other regional stock markets dropped between 1.5 percent and 3 percent, with shares in exporters hammered by a surging yen and worries of slowing growth in the United States, the region's biggest export market.


Read more at Reuters.com

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