Asia’s bull run ends in 2008 with record falls

Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange.

Many Asian hedge funds, meanwhile, took a drubbing and closed shop by the dozens, with their traditionally long bets on the markets’ moves souring amid the furious sell-off.

Whether 2008’s lows, reached mostly in October and November, hold in 2009 is a matter of debate.

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