HOLD ON - ITS ARMAGEDDON!
Asia dives on US subprime woe
Losses on Wall Street sets sell dominos falling in Japan and other Far East markets.
March 13 2007: 10:20 PM EDT
SINGAPORE (Reuters) -- Asian share markets on Wednesday tracked heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending, spooking investors nursing losses from a sharp sell-off two weeks ago.
Japanese stocks fell more than 2 percent, mirroring falls on Wall Street that were triggered by growing losses at subprime lending firms -- those operating at the riskier end of the mortgage market -- and weak U.S. retail sales.
Get ready to head to the bomb shelters, 'cause its the END OF THE WORLD!
Losses on Wall Street sets sell dominos falling in Japan and other Far East markets.
March 13 2007: 10:20 PM EDT
SINGAPORE (Reuters) -- Asian share markets on Wednesday tracked heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending, spooking investors nursing losses from a sharp sell-off two weeks ago.
Japanese stocks fell more than 2 percent, mirroring falls on Wall Street that were triggered by growing losses at subprime lending firms -- those operating at the riskier end of the mortgage market -- and weak U.S. retail sales.
Get ready to head to the bomb shelters, 'cause its the END OF THE WORLD!
posted by epiclectic at 7:46 PM
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