Asian stocks fell on Friday on lingering fears that trouble in the subprime mortgage market could spread to the rest of the U.S. economy, and as stronger-than-expected inflation data dimmed hopes for an interest rate cut by the Federal Reserve.
The dollar fell to a 2-1/2-month low against the euro and eased against the yen as investors remained nervous about holding risky positions after big drops in global stock markets in recent weeks and ahead of more U.S. inflation data later in the day.
Gold firmed, while crude oil extended losses after retreating 1 percent overnight.
Read more at Reuters.com
Showing posts with label U.S. mortgage lending. Show all posts
Showing posts with label U.S. mortgage lending. Show all posts
Thursday, March 15, 2007
Wednesday, March 14, 2007
Asian Stocks Climb as U.S. Home-Loan Concern Eases; Canon Gains
Asian stocks rebounded from the biggest drop in more than a week on speculation rising U.S. mortgage delinquencies won't derail demand in the region's biggest export market. Canon Inc. and Hyundai Motor Co. gained.
Read more at Bloomberg.com
Read more at Bloomberg.com
Asian stocks rebound as Wall Street calms nerves
Asian stocks rebounded more than 1 percent on Thursday following a global sell-off, as a recovery on Wall Street and a falling yen encouraged investors to look for bargains and pick up shares in exporters.
The Japanese currency extended losses against the dollar and euro as the rebound in stock prices soothed fears of a broader crisis stemming from the U.S. mortgage sector.
Asian share indexes had dived on Wednesday -- most by between 2 percent and 3 percent -- after concern of rising defaults in U.S. mortgage lending prompted the second big wave of selling in global equity markets in recent weeks.
Read more at Reuters.com
The Japanese currency extended losses against the dollar and euro as the rebound in stock prices soothed fears of a broader crisis stemming from the U.S. mortgage sector.
Asian share indexes had dived on Wednesday -- most by between 2 percent and 3 percent -- after concern of rising defaults in U.S. mortgage lending prompted the second big wave of selling in global equity markets in recent weeks.
Read more at Reuters.com
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
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
Subscribe to:
Posts (Atom)
