Asian Beaver Com

Asian Beaver Com




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Asian Beaver Com
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Things that make you say "What the F*ck".
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So does she sit around and eat wood all day or?
Any relation to Mr. Chew's Asian Beaver? Or is this just a standard asian beaver?

Story Highlights Nikkei average fell 2.7 percent to its lowest levels since early May S&P/ASX 200 index down 2.4 percent to 3- month lows South Korea's benchmark KOSPI slumped 2.5 percent Next Article in World Business »



Sit tight, we're getting to the good stuff




© 2022 Cable News Network. A Warner Media Company. All Rights Reserved. CNN Sans ™ & © 2016 Cable News Network.
SINGAPORE (Reuters) -- Asian stock markets fell across the board on Friday after weak U.S. housing market data rekindled worries about the world's biggest economy and the region's top export market sparking a global sell-off.
South Korea's benchmark KOSPI slumped 2.5 percent in Friday morning trade.
U.S. stocks suffered their worst drop since the last global sell-off in Feb. 27 as investors fretted about deteriorating conditions for corporate buyouts.
By 0031 GMT, Tokyo's Nikkei average fell 2.7 percent to its lowest levels since early May as industrial robot maker Fanuc fell 4.2 percent and chip-tester maker Advantest Corp. dropped 3.5 percent.
But Sony Corp., which beat expectations on Thursday with a first-quarter profit that more than trebled, lost just 0.6 percent.
"Stocks here will likely be sold across the board, and companies with good earnings results will be dragged down by the negative external environment, including the stronger yen," said Yutaka Miura, deputy manager of the equity information department at Shinko Securities.
South Korea's benchmark KOSPI slumped 2.5 percent, a day after setting an intraday record high, weighed by losses of about 3 percent for both Samsung Electronics and steel maker POSCO.
"It's time for the markets to see some kind of technical correction," said Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities.
"But the money continues to come in strongly, so any correction won't be big since there'll be people who are going to buy stocks at lower prices."
In Australia, investors dumped global miner BHP Billiton and top investment bank Macquarie Bank, helping push the key S&P/ASX 200 index down 2.4 percent to 3- month lows.
BHP fell 3.8 percent, while Macquarie Bank slid 4.3 percent.
MSCI's measure of Asia Pacific stocks excluding Japan fell 1.3 percent, extending its decline for a third straight session from a record high set on Tuesday.
On Wall Street, the blue-chip Dow dropped 2.3 percent -- its biggest one-day percentage fall since Feb. 27, while the tech-heavy Nasdaq Composite Index ended 1.8 percent lower.
This followed more bad news on the housing sector. Two of the largest U.S. home builders: D.R. Horton Inc. and Beazer Home posted quarterly losses, while sales of new homes dropped more than expected in June. E-mail to a friend
Copyright 2007 Reuters . All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.




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