MUMBAI: Asian markets slumped Friday, extending a global sell-off triggered by European markets on concern losses linked to sub-prime mortgages will spread. All regional indices were 2-3% lower.
Exporters fell on concern mortgage losses will lead to tighter lending conditions and slower global growth. Toyota Motor slid 2.3%, Samsung, Asia's top maker of computer chips and mobile phones, fell 2.9% and Taiwan Semiconductor Manufacturing, the world's largest maker of customized chips, lost 3.1%.
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Friday, August 10, 2007
Asian indices weak; financials, exporters lead declines
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