(Bloomberg) -- Japanese stocks declined, led by
companies relying on U.S. sales such as Sony Corp., on concern
losses from the faltering subprime market there will be worse
than expected.
The Standard & Poor's 500 Index dropped by the most since
early March last week after the near collapse of a Bear Stearns
Cos. hedge fund spurred speculation investors will have to write
down the value of securities containing subprime mortgages. The
U.S. has been the largest overseas market for Sony.
Read more at Bloomberg Stocks News
companies relying on U.S. sales such as Sony Corp., on concern
losses from the faltering subprime market there will be worse
than expected.
The Standard & Poor's 500 Index dropped by the most since
early March last week after the near collapse of a Bear Stearns
Cos. hedge fund spurred speculation investors will have to write
down the value of securities containing subprime mortgages. The
U.S. has been the largest overseas market for Sony.
Read more at Bloomberg Stocks News
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