South Korea's Stocks Fall on U.S. Housing Concern; Hyundai Heavy Declines

(Bloomberg) -- South Korean stocks fell for the
third day. Kookmin Bank led declines on concern a deepening U.S.
housing slump will damp the world's biggest economy and prompt
investors to shun riskier assets.

The Kospi index dropped 17.86, or 1 percent, to 1,865.36 as
of 9:25 a.m. in Seoul. Stocks plunged on July 27 by the most in
more than three years, wiping out $46 billion in market value.


Read more at Bloomberg Stocks News

Brazil's Real Declines From Seven-Year High as Risk Aversion Increases

(Bloomberg) -- Brazil's currency declined from a
seven-year high as an increase investor aversion to riskier
assets reduced the appeal of emerging market securities.

Stocks in the U.S. slumped and benchmark Treasuries gained
amid speculation rising subprime mortgage defaults will lead to
higher interest rates for private borrowers and curb economic
growth.


Read more at Bloomberg Currencies News

European Government Bonds Erase Gains as Investors' Subprime Concerns Ease

(Bloomberg) -- European bonds were little changed,
erasing earlier gains, after a rebound in U.S. stocks prompted
investors to return to riskier assets.

Benchmark debt earlier surged, pushing 10-year bund yields
down by the most in a year yesterday, after Moody's Investors
Services cut the credit ratings on $5.2 billion of bonds backed
by subprime mortgages and Standard & Poor's warned it may
downgrade $12 billion of debt. Stocks rebounded as investors bet
the global economy will continue growing, eroding demand for the
safest assets.


Read more at Bloomberg Bonds News

WRAPUP 3-Bear Stearns not planning to bail out second fund

(Reuters) - NEW YORK, June 26 - Bear Stearns Cos. Inc.
does not plan to bail out the second of two struggling
hedge funds -- citing stabilizing markets -- but the subprime
loan woes that brought down the funds still worry investors.




Stocks fell and Treasuries edged higher late on Tuesday on
concern problems stemming from defaults by less-credit-worthy
mortgage holders could reverberate through the markets.


Read more at Reuters.com Bonds News

GLOBAL MARKETS-Subprime saps Wall Street, bonds benefit

(Reuters) - NEW YORK, June 25 - Stocks retreated on Wall
Street and Treasury bonds rallied as worries over the mortgage
mess in the United States gripped financial markets on Monday.




Oil clawed back heavy early losses to settle a shade higher
on the day at just above $69 . The dollar stuck to a
tight range against the euro at $1.3462 as traders were
cautious ahead of a Federal Reserve meeting later this week.


Read more at Reuters.com Bonds News

Icelandic Currency, Stocks Attract Investors (Again) a Year After Meltdown

(Bloomberg) -- Iceland's stock market and currency
are among the world's best performers this year after teetering
on the brink of collapse in 2006. The island's rebounding economy
and high interest rates will drive more gains.

``Stocks will rally another 10 to 15 percent,'' said
Gudmundur Gudmundsson, head of trading at Kaupthing Bank hf in
Reykjavik. ``The krona is still going strong and will retain its
strength in 2007'' on expectations rates will stay near records.


Read more at Bloomberg Currencies News

South Korean Stocks Snap Eight-Day Rally; Samsung, Hyundai Heavy Decline

(Bloomberg) -- South Korean stocks fell, snapping an
eight-day climb and dragging the key index down from a record.
Samsung Electronics Co. slid on concern rising global interest
rates will curb consumer spending and corporate profits.

Stocks also declined as some investors took advantage of
recent gains to sell. Posco and Hyundai Heavy Industries Co.
paced the retreat.


Read more at Bloomberg Stocks News