1. Assicurazioni Generali, Stet SpA, Telecom Italia and Fiat paced the decline. 2. Australia and New Zealand Banking Group Ltd. paced the decline. 3. Australian stocks dropped with companies like Coca-Cola Amatil Ltd. with exposure to Asia pacing the decline amid growing concern over the effect of regional economic turmoil on corporate earnings. 4. Automakers and paper producers, the companies most sensitive to an economic slowdown, paced the decline. 5. Autoparts maker Denso Corp., Honda Motor Co. and NEC Corp. were among exporters pacing the declines. 6. Banks and property shares paced the decline as higher rates would mean shrinking corporate profits. 7. Banks, insurers and brokerage houses -- companies whose profits are most sensitive to changes in rates -- paced the declines. 8. Banks and retailers paced the decline, dragged down by concern interest rates will need to rise again soon to stem inflation. 9. Banks paced the decline. 10. Banks such as Fuji Bank Ltd. and electronics exporters like Sony Corp. paced the decline. |