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Asian Stocks Decline on Korea Attack

Posted By kurtnimmo On November 23, 2010 @ 9:27 pm In Economic Crisis | Comments Disabled

Jonathan Burgos
Bloomberg
November 23, 2010

  • A d v e r t i s e m e n t
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Asian stocks fell, dragging the benchmark index to an almost four-week low, a day after North Korea attacked South Korea and Standard & Poor’s cut Ireland’s credit rating.

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Advantest Corp., the world’s biggest maker of memory-chip testers that gets more than 25 percent of its revenue from South Korea, dropped 1 percent in Tokyo. LG Corp., the holding company of South Korea’s LG Group, fell 1.4 percent. Mitsubishi Corp., which gets about 40 percent of sales from commodities, slipped 1.1 percent after oil and copper futures dropped.

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