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Monday, December 17, 2007

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []
Stock markets across the Asia-Pacific region, except for China and New Zealand, closed lower Friday after Moody downgraded Citigroup. Disappointing Tankan survey results and speculation that interest rates in China will increase also weighed down investor sentiment.

China Stocks May Extend Gains []
When it comes to the Chinese government, no news is good news for the stock market as it prepares to open a new business week. The Shanghai Composite Index had slipped sharply in the latter half of last week over fears that the Chinese government was going to institute new tightening policies in an effort to cool the economy.

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