Entries from Newstrend tagged with 'credit crisis'
The Global Credit Crisis Comes to Asia
Fearing a more prolonged economic downturn as a result of the ongoing crisis in credit markets and the housing industry, Asian markets plunged on Friday. Japan's Nikkei 225 stock average was down more than 7 percent to 7,847 in afternoon trading, the lowest level in more than 5 years, and Hong Kong's Hang Seng index fell 4.6 percent to 13,125.
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