|
|
Article: Asian Shares Decline on Global Growth Concerns, Stronger Yen.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- September 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Summary: SINGAPORE u Asian stocks fell for the third time in five weeks as the US unemployment rate reached a 26-year high, sparking concern a global recovery may falter, while a stronger yen dragged down Japanese exporters of autos and electronics.
Toyota Motor Corporation, a carmaker that gets about 37 per cent of revenue in North America, and Canon Inc., a camera maker that does 28 per cent of its business in the Americas, dropped more than 4 per cent in Tokyo after the US employment report. BHP Billiton Ltd., the world's largest mining company, declined 3.3 per cent in Sydney after copper fell. Seven & I Holdings Co., the world's largest operator of ...