Random thoughts with constructive ones come across very often to my mind, about business,finance,politics and economies. These thoughts form a very important part of my blog. Hope you enjoy reading them :)
Thursday, October 12, 2006
Asian stocks slide
Yes the Asian stock indexes fell yesterday , this was also evident in Australia, China, Hong Kong, India, Taiwan, Indonesia and Pakistan.Especially in Japan the stocks fell because the Bank of Japan reported that the figures in August and September showed that the lending rates are falling down in case of largest lenders unlike the regional banks. Since the lending rate rise is less than what was expected by the economists the markets fell , but this is likely to change in today's trading.
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