Asian shares fall as reports curb confidence
This is a discussion on Asian shares fall as reports curb confidence within the China News forum, part of the Doing Business in China category; Asian shares drop for a second consecutive session as data highlighting the weakness in the global economy dampen some of ...
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|May 12th, 2009, 09:52 AM||#2|
Join Date: Jun 2007
MUFJ leads broad retreat in Asia-Pacific
Japanís biggest lender, Mitsubishi UFJ Financial Group, dropped five per cent in value on Tuesday to lead a broad retreat across Asia Pacific, as fears resurfaced about the state of the US financial system and some investors took profits after valuations seemed to be running ahead of earnings.
The FTSE Asia Pacific index pulled back by more than one per cent from the seven-month high reached on Monday to end an 8 per cent rally that had lasted for six days.
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