Asian Stocks Extend Weekly Decline on Concerns Over U.S. Subprime Loans

(Bloomberg) -- Asian stocks fell for a second week,
led by Macquarie Bank Ltd. and Taiwan Life Insurance Co., on
concern the U.S. subprime loans crisis is spreading to the
region's financial companies.

Macquarie Bank, Australia's largest securities firm, erased
its gains for the year after saying investors in some of its
funds may lose as much as 25 percent of their money. Taiwan Life
had its worst week in more than three years after reporting a
hedge fund loss.


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