iBankCoin
Joined Nov 11, 2007
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Asian Markets Fall on Technology Companies Posting Poor Earnings

“Asian stocks fell, with the regional benchmark index headed for the first drop in four days, as worse-than-expected earnings results from Google Inc. and Microsoft Corp. weighed on technology shares.

Internet portal Yahoo Japan Corp. declined 2.3 percent in Tokyo and Samsung Electronics Co. fell in Seoul. National Australia Bank Ltd. led the country’s lenders lower after saying it quadrupled provisions for bad loans. Fanuc Corp., a Japanese maker of factory robots, increased 3.9 percent after manufacturing in the Philadelphia region expanded more than estimated.”

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