ETF Trends
ETF Trends

Asian shares dropped on Wednesday, paralelling big losses on Wall Street on fears about an
intensifying crisis in U.S. mortgage lending that spooked
investors nursing losses from a sharp sell-off two weeks ago.

Japanese stocks fell 3 percent and other regional markets
dropped between 1.5 percent and 3 percent, mirroring falls in
U.S. stocks that were triggered by growing losses at subprime
lending firms — those operating at the riskier end of the home
loan market — and weak U.S. retail sales.

Asian markets have suffered greater than domestic markets during this recent decline. One  or the most popular Asian ETFs, iShares FTSE/Xinhua China 25 Index (FXI) is now down close to 20% year-to-date.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.