Saturday, December 29, 2007

Asian Markets Largely Fall On Bhutto Death

Asian Markets Largely Fall On Bhutto Death

Posted by WBZ-TV 15 hrs ago | via WBZ-TV This link will take you off Topix

“Looking ahead to next year, we must keep our eyes on Wall Street.”

Most Asian markets fell Friday amid anxiety over the assassination of Pakistani opposition leader Benazir Bhutto and lingering worries about the outlook for the U.S. economy.

Bhutto's death on Thursday, just ahead of Jan. 8 elections, sent shock waves through international markets on worries that global instability may follow, although some analysts said the impact is likely to be limited.

"The sudden event has caught worldwide attention because Pakistan is not any other developing country. It is a nuclear-power country. However, we view the current response to the event to be short-term," Westcomb Securities said in a note.

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