Topic: News – US Fears, Commodities Take Down Asian Stocks – Forbes
Fears, Commodities Take Down Asian Stocks Peter C. Uncertainty over the world economy and falling raw materials prices hit Asian markets Tuesday. Lower prices for raw materials, many of which have rallied sharply this year to hit multimonth highs last week, sank Australian resource stocks. BHP Billiton ( BHP – news – people ) was down 1. Rio Tinto ( RTP – news – people ) was off 4. Australia and New Zealand Banking Group ( ANZ – news – people ) down 1%. read more
