News Journal

Asian stocks fall over economic slowdown

The gloomy global market has its effect on the Asian market as a fall in indexes was recorded in the Japan’s Nikkei 225 and other Asian markets. As the stocks of U.S. government sponsored home mortgage companies, Fannie Mae and Freddie Mac lowered, the Asian markets registered a low in the indexes.

The tension created by Russian attacks on Georgia and the Poland deal has increased the crude values as Russia is second largest producer of crude oil.