"The two" did not ease the crisis in global stock markets suffered financial stocks against

Although the Bush Administration last week published a number of urgent measures to rescue the troubled two mortgage giants Fannie Mae and premises of the United States, but the two company's shares this week but continue to diving, and drag the U.S. financial shares the same day Pudie. Affected by this, the 15th Asia-Pacific financial stocks generally fell sharply. Among them, Mitsubishi UFJ and China Taiwan's Cathay Financial Holding, and other areas that may have been more "two-room" to issue bonds of companies in the top. "The two" crisis triggered by the credit markets and financial prospects of a new round of earnings concerns, resulting in the Asia-Pacific and European markets the full range of financial stocks weighed on and drag the stock market yesterday, the Asia-Pacific experienced a "Black Tuesday", while the European Three After the big stock market closed yesterday, were also generally down 1 percent. Japan Three financial stocks tumbled more than 5% In last Sunday the U.S. government announced emergency relief Fannie and premises of the United States, only two companies in the stock price closed the week before and after a brief rally, after it all the way down. Closed on the 14th, Fannie and premises of the United States and Zaidie's shares were 5.1 percent and 8.3 percent, and financial shares drag the United States hit more than eight years to the largest single-day decline. Affected by this, the Asia-Pacific stock markets closed on Tuesday a heavy selling, especially financial stocks. Japan's stock market which is the most obvious especially after it is reported that the three major Japanese financial institutions hold up to 400 billion U.S. dollars Fannie and premises of the bonds issued by the United States. As at close on the 15th, Japan's Nikkei 225 index fell 255.60 points, or 2 percent, to 12754.56 points, to April 1 the lowest closing price. The broader TOPIX index also fell 2.2 percent to 1253.12 points. Stocks, banking stocks were the former. Among them, Japan's biggest bank Mitsubishi UFJ Financial Group fell 5.3 percent to 926 yen, the biggest drop since a month. Mizuho Financial Group fell 5 percent to 511,000 yen. Sumitomo Mitsui Financial Group fell 6.1 percent to 784,000 yen. Japanese Economic News reported that, as at the end of March, Mitsubishi UFJ, Mizuho Financial and Sumitomo Mitsui Financial Group, Japan's three major banks held a total of about 4.7 trillion yen (about 44.3 billion U.S. dollars) Fannie and premises of the United States issued Of the bond. In addition, major Japanese insurance companies holding the position of the associated risks are more than 4 trillion yen. Reported that Japan's Financial Services Agency will investigate further the country's financial holding companies Fannie Mae and premises of the United States to issue bonds. Reported that three major banks in a position of maximum risk is Mitsubishi UFJ Bank, holding about 3.3 trillion yen Fannie premises or bonds issued by the United States. Mizuho and Sumitomo Mitsui were holding about 1.2 trillion yen and 200 billion yen. In the insurance business, the Japanese life insurance holding about 2.5 trillion yen Fannie and premises of the bonds issued by the United States. Local analysts said that the current stock market is that the problems facing the uncertainty of the financial sector, although the U.S. government announced the aid plan, but investors still doubt the U.S. government will make every effort to maintain the premises of Fannie Mae and the survival of the United States. However, some market participants believe that investors in the Japanese financial institutions may face some worrying too much of the investment losses. In addition to financial stocks, the U.S. economy may further slow down the concerns also dealt a blow to exporters, including Toyota Motor fell 2.5 percent, to the lowest point in years. In addition, Honda and Canon are also down nearly 3 percent. Asia-Pacific The financial index fell to two and a half low Except Japan, Australia, Hong Kong, China and Chinese Taipei, and other places listed financial stocks were also generally down yesterday, and helped drag the MSCI Asia-Pacific financial index to December 2005 two and a half years since the low. Late yesterday, MSCI Asia-Pacific index fell 2.3 percent, at 129.35 points, in October 2006 the lowest closing level. The financial stocks fell, "contribution" a 43% decline. Singapore manages a 260 billion U.S. dollars of assets the fund manager said that Fannie Mae and premises belonging to the United States and the nature of the semi-official bodies, many Asian officials and state-owned financial institutions are holding their bonds issued or guaranteed. Therefore, the two companies currently facing the crisis was panic in the market. Asia-Pacific stocks closed yesterday, all without an increase in the stock market, and the general decline in more than 2%. Hong Kong stocks fell 3.8 percent, the Australian stock market fell 2 percent, the Korean stock market fell 3.2 percent, Singapore stock market fell 2.4 percent, Indian stocks dropped 3.9 percent, the Philippine stock market fell 1.8 percent. Chinese Taipei's stock market plummeted 4.5 percent, in all regions of the decline in the stock market top. On the Taipei stock market is the biggest drags Cathay Financial Holding, but it is Taipei's largest publicly traded financial services company closed down 7 percent. The company released the same day to clarify a statement that its holding of nearly 6.6 billion U.S. dollars with Fannie and premises of the United States related to investments in securities have not been any loss. According to statistics, Taipei's banks and insurers held a total of Fannie Mae and premises of the bonds issued by the United States and 20 billion U.S. dollars. Overall, the Taipei stock market financial sector sub-index fell 5.7 percent yesterday, more than two years to the bottom. Australian stock market, the Macquarie Group, and other financial stocks were also generally fell, dragging the market in February 2006 fell to its lowest since closing at. In Hong Kong, China, the Chinese Industrial and Commercial Bank and other financial stocks were also highest in the forefront. In the mainland A-share market, the Industrial and Commercial Bank, China Construction Bank, and other market banking stocks have also living in the forefront of decline, or generally more than 3%. Europe Three major stock markets closed Pudie ultra-one percent U.S. and the Asia-Pacific stock market decline has subsequently spread to the European markets closed yesterday morning, the three major European stock markets closed generally more than 1% decrease. Stocks, Barclays Bank and Societe Generale banks and other financial shares led decliners as investors worried that the credit crisis may also lead to further loss of the financial industry. -- As of 16:50 yesterday, the Paris stock market fell 1.4 percent, the London stock market fell 1.5 percent, Frankfurt stock market fell 0.6 percent. European Dow Jones Stockton 600 index was down 1.5 percent. Stocks in the United Kingdom's second-largest bank Barclays Bank early trading down 3.2 percent; French bank Societe Generale fell 2.3 percent. Analysts said the market's concern now is not limited to those with Fannie and premises of the United States are directly related to the securities assets, but the credit market may be more extensive outbreak of the crisis, and various financial institutions profit prospects will be even more full of uncertainties.