Asian Stocks Decline, Led by Macquarie Bank, Sony on U.S. Subprime Rout

(Bloomberg) -- Asian stocks fell after a U.S. lender
said it lacks cash to fund new loans, reigniting concerns that a
decline in the country's subprime loan industry will curb growth
in the world's largest economy.

Macquarie Bank Ltd., Australia's largest securities firm,
plunged after it said investors in some of its high-yield funds
may lose as much as 25 percent of their money amid the fallout in
U.S. subprime mortgages. Sony Corp. led declines among exporters
on concern the U.S. housing rout will dent consumer spending.


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Japan's Stocks May Drop on U.S. Subprime Concern, Stronger Yen, LDP Defeat

(Bloomberg) -- Japanese stocks may drop after a
report on economic growth in the U.S. showed residential
investment slumping as the subprime problem worsens, pointing to a
weaker outlook for Japan's largest overseas market.

Toyota Motor Corp. and Sony Corp. may lead exporters lower
after the yen advanced to the highest against the dollar in more
than three months, reducing the value of their overseas sales.


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Japan Stocks Rise for Fifth Day; Sony, Exporters Gain on U.S. Factory Data

(Bloomberg) -- Japanese stocks gained for a fifth
day. Exporter shares rose after factory orders in the world's
largest economy fell less than predicted, adding to confidence
in the outlook for the U.S., Japan's No. 1 overseas market.

Nintendo Co. jumped to a record and Sony Corp. climbed for
the first time in three sessions.


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Japanese Exporter Stocks May Drop, Led by Sony, on U.S. Housing Concern

(Bloomberg) -- Japanese exporter stocks may drop,
extending the Nikkei 225 Stock Average's longest streak of
declines since early March. Sony Corp. may pace losses amid
signs the U.S. housing market is worsening, curbing demand.

Commodities-related shares such as Mitsubishi Corp. may
fall after prices of oil, copper, gold and other raw materials
slumped.


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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.


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Asian Shares Decline on Concern Over U.S. Home Sales; China Stocks Plunge

(Bloomberg) -- Asian shares fell, led by Sony Corp.
and BHP Billiton Ltd., on concern figures this week will show a
drop in U.S. home sales, signaling declining demand in the
region's largest export market.

``Stocks globally take a fall every time there's more bad
news on U.S. housing-related or lending data because there's a
threat that this may spill over into other parts of the
economy,'' said Eric Betts, a strategist at Nomura Australia Ltd.
in Sydney. ``This wouldn't be good for companies that depend on
the U.S. consumer.''


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Japan's Stocks Drop, Led by Sony, Exporters on U.S. Concerns, Takeda Gains

(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.


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Asian Stocks Rise on Japan's Economic Growth; Mitsubishi UFJ, Samsung Gain

(Bloomberg) -- Asian stocks gained for the first
time in three days after Japan raised its first-quarter growth
estimate for the region's biggest economy.

Mitsubishi UFJ Financial Group Inc., Japan's largest bank,
climbed on expectations stronger growth will boost profits for
domestic businesses. Sony Corp. and Samsung Electronics Co. rose
after a decline in U.S. bond yields damped speculation that the
Federal Reserve will raise interest rates in Asia's largest
export market.


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Japanese Shares Advance, Paced by Trading Companies; Sony, Takeda Slide

(Bloomberg) -- Japanese stocks gained, paced by
trading companies and oil explorers, after Nikko Citigroup Ltd.
raised its recommendation on Sumitomo Corp. and Marubeni Corp.
shares and the price of crude oil advanced.

Limiting gains, technology-related companies that rely on
U.S. sales such as Sony Corp. declined after a higher-than-
forecast rise in U.S. labor costs fueled concern accelerating
inflation will prompt the Federal Reserve to increase interest
rates.


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Japanese Stocks Advance, Paced by Trading Companies; Sony, Takeda Slide

(Bloomberg) -- Japanese stocks gained, paced by
trading companies and oil explorers, after Nikko Citigroup Ltd.
raised its recommendation on Sumitomo Corp. and Marubeni Corp.
and the price of crude oil advanced.

Limiting gains, technology-related companies that rely on
U.S. sales such as Sony Corp. declined after a higher-than-
forecast rise in U.S. labor costs fueled concern accelerating
inflation will prompt the Federal Reserve to increase interest
rates.


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Japan's Shares Slide, Led by Exporters, on Inflation Concern; Takeda Drops

(Bloomberg) -- Japanese stocks dropped, led by
companies that rely on U.S. sales, after a higher-than-forecast
rise in U.S. labor costs fueled concern inflation will
accelerate, prompting an increase in interest rates.

Sony Corp., the world's largest video-game maker, declined
1.2 percent. Takeda Pharmaceutical Co., Japan's largest
drugmaker, slid 3.7 percent, the biggest drop in a year, after
U.S. regulators said its Actos diabetes medication needs the
strongest possible warning of the risk of heart failure.


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