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Foreclosures Trigger Asian Drop

Fear of brake on US consumer spending

By Peter Fearon, Newser Staff

Posted Sep 7, 2007 4:07 AM CDT

(Newser) – Asian stocks are falling again, reflecting worry the growing credit crisis in the US will puncture the economy and slash consumer spending. Mizuho Financial Group, Japan's second largest lender, dropped to a two-week low after an increase in home foreclosures in the US —and... Read full story »

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Foreclosures Trigger Asian Drop

Fear of brake on US consumer spending

Credit Crisis

Japan • subprime mortgages • PetroChina • Nikkei • Asian markets • Samsung • Asian stocks • Mizuho Financial Group • BHP Billiton Ltd. • China Minsheng Banking Corp. • Japanese economy

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