Thursday, August 21, 2008

Asian stocks were mostly down this morning,

Asian stocks were mostly down this morning, led by financial companies, after Australia's Babcock & Brown Ltd. posted its first profit decline and amid speculation credit-market losses will widen.

The
Nikkei ended the morning session down 0.4% at 12,807.13. Hong Kong's Hang Seng index dropped 1.4% to 20,635.23. China's Shanghai Composite declined 1.4% to 2,488.92.

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