(Bloomberg) -- Asian stocks fell the most in four
months, extending a rout that wiped out $1.3 trillion of global
market value yesterday, as investors shun riskier assets because
of a deepening U.S. housing recession.
``You've got an economic impact from lower housing prices
and housing demand,'' said Simon Doyle, a strategist at Schroder
Investment Management Australia Ltd. in Sydney, which manages
the equivalent of $11.4 billion. ``If the U.S. is under question,
there might be a broader contagion.''
Read more at Bloomberg Stocks News
months, extending a rout that wiped out $1.3 trillion of global
market value yesterday, as investors shun riskier assets because
of a deepening U.S. housing recession.
``You've got an economic impact from lower housing prices
and housing demand,'' said Simon Doyle, a strategist at Schroder
Investment Management Australia Ltd. in Sydney, which manages
the equivalent of $11.4 billion. ``If the U.S. is under question,
there might be a broader contagion.''
Read more at Bloomberg Stocks News
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