Wednesday, March 12, 2008

Stocks fall in Asia

Stocks in Asia continue the decline starting in the US, most markets are down 1-2%. Shanghai is 4030, down 1%, was over 6K just a few months ago. China has worries about inflation, recession in the US & dealing with the worst winter in half a century. Japan's market is down 2% reacting to the sharp appreciation in the Yen. $1 buys 101 Yen (or ¥), a 12 year high against the $. Dow futures are down 50, Thurs is shaping up as another rough day in the US.

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