Market Report - Asian Investors Remain Jittery

CHAN:
Asia markets were jittery on Wednesday. Investors are wary over a delay in approving a large-scale U.S. government plan to fix the country's ailing financial system.

Hong Kong customers lined up to take money out of Bank of East Asia. It's because of talk that the bank faces big exposure to troubled U.S. investment bank Lehman Brothers.

And Japan remains in the spotlight today as another one of its financial institution is reportedly planning to invest in a U.S. bank hurt by the financial crisis: Sumitomo Mitsui Financial Group plans to invest in Goldman Sachs, according to Kyodo news. The investment is expected to total several billion U.S. dollars.

Also in Japan, investors watched the confirmation of a new prime minister. Taro Aso is expected to appoint several staunch conservatives to his cabinet and favors tax cuts and spending to boost the economy.

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News & Politics

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