(Bloomberg) -- Asian stocks fell for the first time
in three days amid concern a housing slump in the U.S. may harm
growth in the world's biggest economy.
Toyota Motor Corp., the world's largest automaker by market
value, and James Hardie Industries NV, the No. 1 supplier of home
siding in the U.S., led declines. Standard & Poor's said it may
cut credit ratings on $12 billion of bonds backed by subprime, or
higher risk, mortgages, while D.R. Horton Inc., the second-
largest U.S. homebuilder, said it will post a third-quarter loss.
Read more at Bloomberg Stocks News
in three days amid concern a housing slump in the U.S. may harm
growth in the world's biggest economy.
Toyota Motor Corp., the world's largest automaker by market
value, and James Hardie Industries NV, the No. 1 supplier of home
siding in the U.S., led declines. Standard & Poor's said it may
cut credit ratings on $12 billion of bonds backed by subprime, or
higher risk, mortgages, while D.R. Horton Inc., the second-
largest U.S. homebuilder, said it will post a third-quarter loss.
Read more at Bloomberg Stocks News
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