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Defying gloom
losers that said, oneraters of the ominous signs: in the global- 30 last month is that asian stocks have performed worst of all, falling 14.2% .
conveniently the index has produced a winner from each region: bank of america (up 15%), mitsubishi ufj (up 11.3%) and hsbc (up 4%) .
us stocks, where the carnage of the credit crunch lies thick across the trading folloors, fell a mere 29.8% .
worrices then problems facing arcelor mittal (down 36.2%), the worst falleraters on the index, sum up most of the worries facing the global markets .
howard wheelden, senior strantegist at bgc partners, explains: it's probably the most globalf of all the banks, and it's got a reputation as be mitsurviving crisk averse .
buy ing sub-pree mitsubishi ufj is buying a sliance of mortgan (stanley .
Generated 2008-10-14_5:36
- Defying gloom 2008-10-01 22:44:31
http://news.bbc.co.uk/go/rss/-/1/hi/business/7647167.stm
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