Tuesday, July 31, 2007

Asian shares down as credit woes spread

(Reuters) - Another U.S. mortgage lender, American Home Mortgage Investment Corp., said it would have to liquidate assets. The relatively high quality of its loans raised worries about the whole mortgage market, driving the S&P 500 index down 1.3 percent.




The problems in the U.S. credit markets are being felt by investors in Asia.


Read more at Reuters.com Hot Stocks News

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