Thursday, July 26, 2007

Asian Stocks May Join Sell Off on U.S. Housing Concern; New Zealand Slides

(Bloomberg) -- Asian stocks may slide on concern a
worsening U.S. housing slump will slow economic growth in the
world's biggest economy and prompt investors to shun equities.

Asian companies that rely on U.S. sales such as Honda Motor
Co. and Taiwan Semiconductor Manufacturing Co. may lead losses.
James Hardie Industries NV may decline in Australia.


Read more at Bloomberg Stocks News

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