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Stocks Fade in Asia

 Phil Amato     Created: 10/28/2009 7:06:45 AM    Updated: 10/28/2009 7:08:00 AM
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HONG KONG (AP) -- Struggling U.S. consumers are leading to a slump in Asian markets.

Investors appear disheartened after Wall Street's lackluster Tuesday, following an unexpected drop in a key measure of confidence among American consumers.

The news suggests U.S. shoppers won't be shelling out for Asian imports any time soon. It has also detracted from a string of positive company earnings reports.

Major markets in Asia fell by about 1.5 percent or more.

 

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