Search

This article deals with the continued decline of Asian stock markets. The decline can be attributed to the deterioration of the U.S. housing market and concerns over mortgage-related losses at banks around the world. It presents information on the performance of various Asian stock markets such as the Hang Seng index, Nikkei Stock Average and the Shanghai Composite Index. Comments from Jing Ulrich, head of China research at J.P. Morgan, are included.

The article analyzes the anticipated inflation in Asia following the increasing prices across the region.

The article reports the move of the Reserve Bank of Australia (RBA) to boost liquidity of the U.S. dollar in Asia by selling $10 billion, as the South Korean government helps out in movement in the foreign-exchange swap market by injecting $55 billion of its foreign-currency equilibrium fund. Other countries such as Denmark, Norway and Sweden participated in the U.S. dollar swap-line arrangements with the U.S. Federal Reserve.