1. Also weighing on the yen is ongoing currency turmoil in Southeast Asia. 2. Also, the currency turmoil in Asian markets could lead to a reduction in cotton exports, traders said. 3. Analysts said a sustained recovery for the stock market will only come when the currency turmoil sweeping through Asia ends. 4. Banks are hurt by the currency falls since they face increased loan defaults as companies -- especially those with foreign debts -- lose money in the currency turmoil. 5. Banks and real estate developers, with exposure to the region, fell on concern that earnings could be hurt by the currency turmoil. 6. -- Bundesbank President Hans Tietmeyer on three days of currency market turmoil. 7. After six months of currency turmoil, analysts are cautious about the market mood. 8. Alexandre Lamfalussy, President of the European Monetary Institute, foresees more currency turmoil in Europe as the deadline for European monetary union approaches, he said today. 9. Bunds also outperformed many European markets amid the European currency turmoil touched off by comments yesterday by German Finance Minister Theo Waigel. 10. Car sales in southeast Asia are expected to decline during the next two years because of slowing economies and currency turmoil, said the ASEAN vehicle association last week. |
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