What impact did the sub-prime crisis have on Asian markets Asia sells much of its goods to America. Panic investors unloaded exporters and other stocks, driving markets like Tokyo, Seoul, Taiwan and Hong Kong to some of their biggest declines in years. Financial shares also tanked as investors worried the credit crisis in the US could spill over into the global banking system including China’s. The Bank Of China has the biggest exposure to American sub-prime related securities of any Chinese lender. Bank Of China would probably report a 30% decline in 2007 profit. If they were to make sufficient provision, they have to bear down and cut some costs, and maybe sell some assets to make up for the shortfall. 亚洲大部分货物的出口地都是美国。恐慌的投资者纷纷从出口业撤资,抛售股票,这导致了东京,汉城,台湾和香港等地的股票市场下跌幅度创下数年来的最大值。投资商担忧美国的信用危机将波及包括中国在内的全球银行系统,股票价格因此全面下挫。中国银行在所有中国贷款银行中首当其冲受次债危机影响最大,其2007年收益有可能比上年下降30个百分点。如果该行要赎回资金,则需要降低开支,甚至变现部分资产以弥补亏空。 |