Asian shares slump as U.S. mortgage woes spread
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street amid fears a crisis in U.S. mortgage lending is spreading to the wider economy.
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Fears about the possibility of a recession in the US economy send Asian shares falling.
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Fears of a US slowdown amid mortgage market woes prompt a share slump in Europe and Asia and jitters on Wall Street.
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Stocks fell on Wednesday, with the major indexes all down more than 1 percent, on worries about troubles in the subprime mortgage market spreading.
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Asian shares were mostly lower on Tuesday, pulled down by technology stocks following worries about a sales forecast from bellwether Intel Corp. and unexpectedly flat industrial output in Japan.
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Share prices in Asia continue to fall  a day after global stocks tumbled amid fears of a global recession.
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Asian shares slide after US jobs data raises fears about a possible recession.
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Asian stocks dropped on Tuesday as fresh fears over turmoil in the credit markets  weighed on banking shares, though energy companies benefitted from a record price for US crude.
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Asian stock markets ended mostly weaker Monday, hit by heavy losses on Wall Street after a surprise drop in US payrolls sparked fears the world&#39;s largest economy may be heading for recession, dealers said.
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The volatility triggered by the mortgage meltdown in the United States further plagued stock markets today, prompting a drop of all major indices in Asia.
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Asian and European stock markets fell sharply once more on Monday as investors worried about possible recession and a forthcoming interest rate call in the United States, analysts said.
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Asian shares struggled to break above  the flat line on Friday as dour economic reports in Japan and  South Korea followed lackluster trading in U.S. markets to cap  gains.
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Stocks turned sharply negative on Tuesday as shares of financial services companies slid with traders citing rumors of more financial problems at Countrywide Financial Corp , the largest U.S. mortgage lender.
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Asian shares were mostly lower on  Tuesday, pulled down by technology stocks following worries  about a sales forecast from bellwether Intel Corp. and  unexpectedly flat industrial output in Japan.
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Asian stocks slipped on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut later this week offset by renewed concerns about a global credit squeeze.
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HONG KONG/SINGAPORE  - Asian financial markets were roiled on Wednesday by the widening damage caused by the U.S. subprime mortgage sector meltdown, with investors fearing more negative surprises will emerge in the region.
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HONG KONG/SINGAPORE  - Asian stock markets were slammed on Wednesday by the widening damage caused by the U.S. subprime mortgage sector meltdown, with investors fearing more negative surprises will emerge in the region.