Why are de Asian stock markets down on dreary US jobs report? Do the Asians, also, see dat Obama's economic policies are as dreary as the Tea Party members see them?


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It's in response to the poor jobs report for last month with a zero net job gain for the first time since 1945.This has revived fears among the Asian markets that the US economy is heading for another recession.Oil prices extended losses to below $86 a barrel as the recession indicates less demand for crude.The Nikkei, Shenzhen and HKEX all suffered losses as the respective currencies strengthened against the dollar,which affects Asian exports and stock prices.

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