Asian tigers lick wounds after painful year
From Tokyo to Mumbai, Asian stocks plunged by record amounts this year as the region’s powerhouse economies lost steam and foreign investors pulled billions of dollars from its once-booming markets.
Dizzying losses felt around the world were all the more painful in Asia, whose stocks had long been seen as a safe haven from financial turmoil in the West - another myth that burst along with the housing, credit and commodities bubbles in the global crisis of 2008.
