Wednesday's Asia ADR Recap
Stocks in India continued to slide lower Wednesday, off concerns over soaring food and fuel costs, skyrocketing inflation pressures, weak global cues and political uncertainty. Far East traders said the Indian equity markets are extremely nervous ahead of inflation data that is set to be released on Thursday.
Stocks from India making moves and news in the U.S. include
Sterlite Industries
(SLT) - Get Pacer Salt High truBeta US Market ETF Report
,
Rediff.com
(REDF)
and
Tata Motors
(TTM) - Get Tata Motors Ltd. Report
.
Stocks in mainland China dropped Wednesday, marking the Shanghai Index the world's worst performing stock market on the year, on concerns that China's growth is slowing and the U.S. financial crisis could spread around the globe. Far East investors are worried that the problems at
Fannie Mae
( FNM) and
Freddie Mac
( FRE) could spill over into Asian banks that are rumored to have a large exposure to the U.S. real estate loan market.
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Stocks from China making moves and news in the U.S. include
Focus Media
( FMCN),
Sohu.com
(SOHU) - Get Sohu.com Ltd. Report
,
Trina Solar
(TSL)
and
Giant Interactive Group
(GA)
.
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