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Markets: Asian stocks sink as investors brace for the lowest growth since the 1960s [CNNMoney.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNNMoney.com
Asian stocks sink as investors brace for the lowest growth since the 1960s New York/Hong Kong (CNN Business) Asian stocks sank on Thursday amid growing fears of a deep global recession. Japan's Nikkei 225 ( N225 ) fell 1.3%, South Korea's Kospi Index ( KOSPI ) edged down 0.2% and Australia's S&P/ASX 200 fell about 1.1%. Hong Kong's Hang Sang Index ( HSI ) dipped 0.9% in early morning trade, while China's Shanghai Composite Index ( SHCOMP ) opened down about 1%. "Investors will still need to adjust their expectations on corporate earnings in the next 6-12 months and this could be a source of equity market volatility, as we've seen in the [United States] and Europe," said Tai Hui, chief market strategist for Asia at J.P. Morgan Asset Management. Growth in Asia is expected to stall at 0% this year, according to the International Monetary Fund."This is the worst growth performance in almost 60 years, including during the Global Financial Crisis and the Asian Financial Cr Show less Read more
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