Tuesday, June 26, 2007

Asian Stocks Fall for a Third Day on U.S. Spending Concern; Sony Declines

(Bloomberg) -- Asian stocks fell for a third day on
concern a slump in U.S. housing will curb spending in the
region's biggest export market.

Sony Corp., which made 70 percent of its sales overseas last
year, and Hon Hai Precision Industry Co., whose customers include
Apple Inc., led declines after sales of previously owned homes
fell to the lowest in almost four years.


Read more at Bloomberg Stocks News

No comments: