Japanese Stocks Plunge to 1 1/2 Year Low Amid US Jitters, High Oil Prices

Japanese Stocks Plunge to 1 1/2 Year Low Amid US Jitters, High Oil Prices

biz.yahoo.com

TOKYO (AP) -- Japanese stock prices plunged Friday to their lowest finish since July 2006, losing ground after jittery trading on Wall Street amid concerns about the U.S. economy and rising oil prices.

Record oil prices that have topped $100 also pressured stocks on worries that higher fuel costs could slow investment, spending and growth.

Worries about the economy in the United States -- a key export market for Japanese manufacturers -- as well as the dollar's weakness against the yen....

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Related AboveTopSecret.com Discussion Threads:
Alert! US Crude hits $100, Gold reaches new record

More signs of the US economy fall?

Now before any one from the UK or AU begins to rant about Americans whinning over rising gas prices, this isn't about that. It's about the fact that the economy seems to be falling under.

biz.yahoo.com
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