Asia Drops Like a Stone
01/16/08 - 07:37 AM EST
Daniel M. Harrison
Megabanks were also hammered, after Citigroup announced its massive writedown. Mitsubishi UFJ(MTU Quote - Cramer on MTU - Stock Picks) slid 4.7%, to 952 yen, and Sumitomo Mitsui Financial(SMFJY Quote - Cramer on SMFJY - Stock Picks) shed 2.4%, to 574 yen.
In India, the Bombay sensitive Index tracked Chinese declines, falling 382 points, or 1.9%, to 19,868, but held up the most in the region.
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