(Bloomberg) -- Japanese stocks slid as investors
shunned riskier assets after earnings from the largest mortgage
provider in the U.S. prompted concern the subprime loan problem
is slowing growth in the world's biggest economy.
Toyota Motor Corp. and Matsushita Electric Industrial Co.
led declines by companies that get a large proportion of their
earnings from the U.S. market, aggravated by a stronger yen.
Countrywide Financial Corp. said profit declined for a third
quarter, helping to drag U.S. stocks to their worst performance
in four months.
Read more at Bloomberg Stocks News
shunned riskier assets after earnings from the largest mortgage
provider in the U.S. prompted concern the subprime loan problem
is slowing growth in the world's biggest economy.
Toyota Motor Corp. and Matsushita Electric Industrial Co.
led declines by companies that get a large proportion of their
earnings from the U.S. market, aggravated by a stronger yen.
Countrywide Financial Corp. said profit declined for a third
quarter, helping to drag U.S. stocks to their worst performance
in four months.
Read more at Bloomberg Stocks News
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