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Sun, Aug 12, 2007 - Page 10　News List

Asian stocks continue to slide amid credit crunch

ERODED The worst may still be ahead if more high-profile finance firms are also affected by the ongoing subprime problems, one Taiwanese analyst warned

BLOOMBERG AND AFP , HONG KONG

SYDNEY

Australian share prices closed sharply lower, tumbling 3.7 percent. The S&P/ASX 200 plunged 229.6 points at 5,936.0.

SINGAPORE

Share prices closed 1.6 percent lower as investors rushed for the exit amid fears the US subprime mortgage crisis is spreading. The Straits Times Index fell 53.99 points to 3,359.18.

MUMBAI

Indian share prices fell 1.54 percent in volatile trading.

The SENSEX index closed down 231.9 points to 14,868.25, recovering from a 3.6 percent drop in the morning to 14,570.89.

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