21. Banks led the decline, amid concern increasing loan defaults from property developers could hammer earnings. 22. Banks lent trillions of yen to property developers, construction firms and other businesses -- all of it tied to land. 23. Banks and property developers such as New World Development Co. Ltd. led the decline, accounting for more than two-thirds of the index loss. 24. Bank shares remained weak, undermined by fading rate-cut hopes and talk that they face loan defaults by property developers. 25. Belle executives have said that they will maintain the company as a property developer and operator of casinos. 26. Big decliners today included PT Jakarta Setiabudi Property, a property developer. 27. Foreign funds sold property developers, which have led the rally this year. 28. A mountain of bad loans to property developers, an export slump, and the slowest growth in a decade battered Thai stocks, burning many foreign funds. 29. Africa-Israel shares dropped because the battle for control of the property developer ended last week, Heifetz said. 30. All lenders have been hurt by loan defaults, particularly by property developers. |