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Top Stories Asia Markets: Asia stocks tumble; Japan hit on BOJ inaction Asia markets plunge, with European concerns bruising sentiment, and with stocks in Tokyo deepening losses after the Bank of Japan fails to announce any new easing measures. Polish, Turkish financials poised for growth Unlike the euro zone, which is mired in a debt crisis that has exacerbated the economic downturn, Poland, Turkey and a small group of other countries outside the currency bloc are thriving. The financial sectors in these countries are one of the reasons. Global Investor: Poland, Turkey offer higher risk, more reward Turkey and Poland are on the fringes of Europe, but investors will be beating a path to their doors in just a few years, some analysts say, so now is the time to get in. Ben Weiss's Eye on Asia: Fender music to Clapton’s ears, but not investors’ Legendary guitar maker Fender is prepping its IPO, but investors who want value in that industry should look to the Far East, writes Ben Weiss. See All Top Stories >> |
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The difference in yesterday’s action was that the Dollar’s stunning rise saw a bit of a setback. If it was just a fear of a double dip recession, then we would see bond yields drop and the Dollar also slip. Last week, this wasn’t the case. Fear of deflation would drive investors into a “preservation of capital” mode, thereby buying bonds and Dollars. That’s what we saw last week, without question. However, yesterday’s action was a little diffe... full story >>