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Friday, September 21, 2007

STOCKS NEWS ASIA - Asian ADRs dip on US inflation worry

HONG KONG, Sept 21 (Reuters) - Asian stocks listed on Wall Street fell 0.5 percent as U.S. stocks snapped a two-day rally on worries about inflation after the dollar extended its decline and oil hit yet another record high.
Suggesting a lower open for Tokyo stocks, Nikkei futures traded in Chicago ended lower than their peers in Osaka.
MSCI's measure of Asia Pacific stocks excluding Japan rallied 1.2 percent to a record closing high on Thursday after the Federal Reserve's aggressive 50 basis point rate cut earlier in the week helped boost confidence.

<--------------- Friday should be a shorting day.. I guess

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