(Bloomberg) -- Asian stocks sank in U.S. trading as
disappointing earnings and concern about a worsening U.S. housing
slump drove investors to seek safer assets. Taiwan Semiconductor
Manufacturing Co. slipped after reporting a drop in profit.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 3.5 percent to
166.14, the biggest decline since Feb. 27.
Read more at Bloomberg Stocks News
disappointing earnings and concern about a worsening U.S. housing
slump drove investors to seek safer assets. Taiwan Semiconductor
Manufacturing Co. slipped after reporting a drop in profit.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 3.5 percent to
166.14, the biggest decline since Feb. 27.
Read more at Bloomberg Stocks News
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