Credit fears rattle Asia

Asian stock markets tumbled and government bonds rose on Friday as investors shunned risky assets amid a global credit squeeze, while Asian central banks weighed in to calm jittery money markets. Japan's Nikkei fell 2.4 percent (16,764). The Bank of Japan followed the European Central Bank and the US Federal Reserve by pumping additional funds into markets. Japanese exporters were furth...

Submission | August 10, 2007

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