|
 LONDON (AP) - Most Asian and European markets fell Friday following on a tumble in the U.S. a day earlier amid growing speculation a U.S. interest rate cut was unlikely. Declines in Europe were muted, however, and Chinese stocks bucked the trend and rose for a fourth straight session.
The slide across much of Asia came on the heels of recent rallies in many regional markets, some to record highs.
"This has to be seen in the perspective that we've had a very nice price rally," said David Cohen, director of Asian Economic Forecasting with Action Economics in Singapore. "They were due for a little bit of a fall."
|