Dubai debt fears to hit UAE stocks; Asia rebounds

Posted on: November 30, 2009 at 1:12 pm

DUBAI/HONG KONG: Investors braced for a 10 percent fall in United Arab Emirate stocks on Monday as the market reopens for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.
Asian stocks rallied, however, recouping some of last week’s heavy losses after the UAE offered the [...]