WRAPUP 1-SARS takes increasing toll on Asian economies

Newswire

By Andrew Priest SINGAPORE, April 24 (Reuters) - Economic fallout in Asia from the SARS crisis mounted on Thursday as the World Bank cut its regional forecast, Hong Kong received a credit rating blow and investors dumped shares of Asian retailers and exporters to China. Although investors have already cut exposure to sectors most exposed to the virus, such as retailing and regional travel, selling picked up after an acceleration in cases in China and growing fears SARS may stall the ...

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