ASIA MARKETS Overnight report

Monday, February 11, 2008

Sydney, Hong Kong stocks drive Asia lower
By V. Phani Kumar, MarketWatch
Last update: 10:45 p.m. EST Feb. 10, 2008
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HONG KONG (MarketWatch) -- Asian markets declined Monday, with Australian stocks dropping on financials such as National Australia Bank after the central bank warned of higher inflation, raising fears of further interest rate increases. South Korean, Hong Kong and Singaporean shares extended losses on worries about the U.S. economy as trading resumed after the Lunar New Year holidays.

Hang Seng Down 500+ 2:30am est