TOKYO Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight.
The turmoil engulfing Viacom deepened on Tuesday as weak earnings and continued concern over the company's leadership sent shares down more than 21 percent, the lowest level in more than five years.
... * Bank's market value has almost halved since a year ago. * Two top 10 investors say running out of patience with turnaround.
As we headed into end of January, the market was focused on a Fed meeting. But as we suggested, it was Japan that was the main event.
SAN FRANCISCO - As the United States economy muddled along over the last few years, investors paid handsome sums to get in on high-flying technology companies that were among the few pockets of steady growth.