Asia stocks fall amid skepticism over US bank plan (AP)

Posted by admin on February 11, 2009 under News | Read the First Comment

Asia stocks fall amid skepticism over US bank plan (AP)

Traders on the floor of the New York Stock Exchange. Financial markets greeted the Geithner plan to rescue the troubled banking system Tuesday with a resounding thud, as analysts bemoaned a startling lack of detail to achieve its aims.(AFP/Stan Honda)AP – Asian stock markets dropped Wednesday, following a steep sell-off on Wall Street overnight, as investors reacted with skepticism to the U.S. government’s latest plan to rescue the ailing financial industry with as much as $2 trillion in commitments.


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