Akeman Capital Comment as Credit crisis worries Asia
Released on: January 7, 2008, 4:58 am
Press Release Author: BizBuz123
Industry: Financial
Press Release Summary: Akeman Capital recently reported that Asian markets fell after Wall Street posted its second big drop in a week as investors worried about the extent of fallout from the global credit crisis.
Press Release Body: According to sources close to the private equity firm, which has a significant presence in Europe, Akeman Capital noted recently that Japan\'s benchmark index fell 2 percent, while the Hang Seng in Hong Kong tumbled 3.2 percent. China\'s benchmark Shanghai Composite Index lost 4.9 percent in its biggest one-day decline in four months.
Reports from Akeman Capital apparently also revealed that shares had fallen in Australia, India, South Korea and the Philippines too.
Sources say that a spokesman for Akeman Capital recently stated that there has been renewed concern about the U.S. subprime loan problem amid reports that losses at U.S. and European financial institutions are expanding.
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