Wednesday, May 23, 2007

Japan Shares Fall on Greenspan China Stocks Warning; Mitsubishi UFJ Drops

(Bloomberg) -- Japanese shares fell after former
Federal Reserve Chairman Alan Greenspan warned the stock market
in China faces a ``dramatic contraction.''

Mitsubishi UFJ Financial Group Inc. dropped 2.1 percent and
Sony Corp. fell 1.4 percent as investors sold their holdings to
benefit from recent gains. U.S. stocks declined yesterday after
Greenspan's remarks.


Read more at Bloomberg Stocks News

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