Reply #7: Asian Stocks Extend Global Slump as Europe, Commodities Tumble

[FarCenter]

Asian Stocks Extend Global Slump as Europe, Commodities Tumble

By Patrick Rial

Jan. 22 (Bloomberg) -- Asian stocks extended a global slump after tumbling commodities prices and a plunge in European shares pointed to growing pessimism the world's economy is faltering.

BHP Billiton Ltd., the world's biggest mining company, fell 5 percent in Sydney. Sony Corp., the second-largest consumer electronics maker, may decline in Japan.

New Zealand's NZX 50 Index, Asia's first market open for trading, slumped 3.8 percent in Wellington. Australia's S&P/ASX 200 Index dropped 3.1 percent to 5,409.10 at 10:08 a.m. in Sydney.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3T0wO3XbN_g&refer=home