US Woes Send Asian Stocks Tumbling

Nikkei, Hang Seng have their worst day in weeks
By Jason Farago,  Newser Staff
Posted Jun 23, 2009 5:43 AM CDT
US Woes Send Asian Stocks Tumbling
Japanese shares sagged Tuesday after losses overnight on Wall Street while investors looked to the Federal Reserve's upcoming policy meeting for fresh cues on the global economy.   (AP Photo/Shizuo Kambayashi)

(Newser) – Stocks in Asia tumbled to their worst finish in weeks, reports the Wall Street Journal, as continued fears about the US economy led to a sell-off of resource companies and exporters. The Nikkei in Tokyo and the Hang Seng in Hong Kong both closed down about 3%, echoing a decline on Wall Street yesterday. "Any Asian companies that depend on Americans for a big chunk of their sales need to prepare for lots of red ink," said one market watcher.
(Read more Nikkei stories.)

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