Asian Exporters Hurt By U.S. Consumer Slowdown

from National Public Radio

When Americans stop buying cars, cameras and flat-screen televisions, Asian executives wring their hands. Many of Asia's biggest companies depend on U.S. consumers. Top Japanese and Korean exporters are forecasting slower sales because of the economic slowdown. Stocks in these companies plummeted Friday, and with overall fear of recession still causing panic in the market, Asian stocks took another nosedive. Japan's Nikkei fell nearly 10 percent.

Broadcast Dates

• Morning Edition, October 24, 2008