Widening subprime fallout scares Asian investors
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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 shares fall sharply in Wednesday trading due to renewed fears about the health of the US economy.
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While the economic weakness has been concentrated in the financial services, home building and related sectors, investors are growing fearful that it is spreading.
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NEW YORK -- With the stock market having jitters after a strong run-up in the past year, some investors might want something more low-key.
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The stark sell-off that sent global stock prices plummeting  brought renewed concern that the equity markets in China and India might be overvalued.
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Asian shares fell as subprime loan problems in the United States and soft economic data provoked international fear.
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Wall Street looked set to fall further on Wednesday on growing worries of a U.S. recession which battered Asian and European markets.
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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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Investors, frightened by the prospect of a new subprime mortgage crisis that could dwarf the write-downs of the last few months, sent markets lower.
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Concern over subprime mortgages extended the stock marketâs worst weekly decline since March.
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US and European stocks were hit by a new bout of nerves on Tuesday as economic reports and the minutes of the latest meeting of the US Federal Reserve forced investors to focus on the impact of the subprime mortgage crisis on the wider economy.
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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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Here's the real threat facing investors right now.
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After escaping a rising tide of  subprime defaults earlier this year, leading U.S. investment  banks and brokerages face an opaque offshoot of those risky  mortgages.
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More bad news out of Asia weighed on investors Monday.
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Japanese stocks were hit badly on Friday morning by fears of rising global interest rates following sharp overnight increases in US and European bond yields.
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Hong Kong&#39;s status as one of Asia&#39;s leading financial markets suffered a heavy blow yesterday as the US$3bn listing of the world&#39;s largest property trust