Saturday, August 11, 2007

Credit fears rattle Asia




Credit fears rattle Asia
(01:19) Report
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August 10 - Asian stock markets tumbled on Friday as worries about spreading US subprime mortgage woes sparked selling.

Japan's Nikkei fell 2.4 percent (16,764), its lowest close in almost 5 months.

Japanese exporters were further hammered by a jump in the low-yielding yen, as investors unwound risky carry trades.

Nina Mehra reporting

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