Asia capital losses at $9.6 trillion in 2008: ADB

Posted by 7Star Tuesday, March 10, 2009

Financial assets in Asia lost 9.6 trillion dollars in value in 2008, slightly more than a years worth of GDP, the Asian Development Bank said on Monday. It said Asia was hit especially hard as the global downturn led to an estimated 50 trillion dollars in capital losses around the world.

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