Stocks tumble on bad news from US and Japan STOCK markets across Asia suffered a fresh round of crushing losses yesterday in the wake of unrelenting gloomy news from the world's two biggest economies, the United States and Japan.
Investors sold stocks frantically, especially banks, as the spectre of potentially crippling deflation emerged after US consumer prices fell 1 per cent last month - their largest recorded drop ever.
Returning back to discussion on Singapore: PRIVATE home rents in Singapore are set to drop by up to 15 per cent next year, as the reality of a slowing economy hits home.
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