1. China shares fell, as weakening currencies hammered corporate profits and roiled stock markets throughout Asia. 2. Companies in Thailand and other Asian countries where currencies tumbled this year had their profits hammered by rising borrowing costs. 3. Korea First Bank and other banks accounted for about one-third of the index drop as traders bet mounting corporate failures will hammer their profits. 4. Motorola said yesterday that declining sales in Asia hammered its profits. 5. Next year, though, the decline is likely to continue as corporate profits get hammered. 6. They fell on concern rising interest rates will hammer their profits by raising costs and curbing demand. 7. While fares declined, so did stocks on investor fears that airline profits would get hammered. |