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For Anyone Who Doubts The Power Of Fallout From Us Hpc

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Asia: U.S. home sales hit exporters


Asia: U.S. home sales hit exporters

By Darren Boey

Published: August 25, 2006

Asian stocks fell by the largest amount in almost three weeks Thursday, led by the region's biggest exporters, after a drop in U.S. home sales heightened concern that growth would slow in the world's largest economy.
"The economic cycle in the U.S. doesn't favor Asian exporters as much as it used to," said Tom Murphy at Deutsche Bank in Sydney. "The exporters, particularly those linked to consumers in the United States, are at a relative disadvantage."
The Morgan Stanley Capital International Asia-Pacific index fell 1.32 points to 128.27. All 10 industry groups declined.
In Japan, the Nikkei 225 slid 202.41 points to 15,960.62, while the S&P/ASX 200 in Australia dropped 94.50 points to 4,987.80. Stock benchmarks fell around the region, except in New Zealand, India, China and Sri Lanka.
The market declines followed weakness on Wall Street after the National Association of Realtors reported that home resales had fallen to the lowest level since January.

It would appear that the world markets are taking note of the HPC and selling off accordingly. As Merv said, we have a bumpy road ahead and houses do appear to be remarkably high compared with just about anything else.

Edited by Realistbear

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  • 317 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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