Looming US bank earnings spook Asia
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Asian stock markets closed lower on Tuesday, as concerns over the outlook for the US ahead of a slew of bank earnings and trumped initial technology-driven gains on better-than-expected results from companies including IBM, Samsung and LG Philips.
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U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in the tidal wave of earnings due next week and the other on the threat surging oil prices pose to the economy and profits.
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0439 GMT -- US Treasuries extended losses in Asia after slipping in New York, where a strong reading in the Philadelphia Fed&#39;s manufacturing survey dented Treasuries.
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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.
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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 stocks, which have been jittery this year at any ill omen from the U.S. market, are likely to take note on Monday of Wall Street's latest fall, while investors continue to keep an eye out for bargains.
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Although several of the nationâs biggest banks reported some of their best results ever this week, investors are worried about tougher times ahead.
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US stocks&#39; drop amid the release of third-quarter earnings reports may reflect concern that next year&#39;s profit growth will slow even more than forecast.
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Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.
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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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Asia's economic growth is likely to be constrained by an expected slowdown in the U.S. economy and potential spillover from the subprime mortgage crisis, two economic forecasts released Thursday said.
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The Chinese earnings reports are coming. The Chinese earnings reports are coming.
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U.S. stock investors looking to recoup  from the worst week in almost three months will have to keep  one eye out for signs of weakness in the tidal wave of earnings  due next week and the other on the threat surging oil prices  pose to the economy and profits.
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A few thoughts on the earnings warning.
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Stock futures fell on Thursday after Bank of America Corp , the No. 2 U.S. bank, missed quarterly profit estimates, adding to worries about the outlook for the financial sector.
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Will Goldman Sachs and Bear Stearns mention subprime troubles when they report earnings?
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Asian stocks ended one of the worst  months on record on a slightly brighter note on Thursday,  brushing aside worries about top U.S. bond insurers' credit  ratings, while the latest U.S. interest rate cut weighed on the  dollar.