Credit fears revive * Oil below $142 hurts energy shares * Fund managers choose developed over emerging to start Q3 By Kevin Plumberg HONG KONG, July 8 (Reuters) - Asian stocks fell on Tuesday, weighed by the financial sector after sharp declines in shares of Fannie Mae and Freddie Mac on funding concerns reminded investors about the fragility of global credit markets. Oil rose by more than half a dollar, rebounding from the previous day's near $4 plunge as the U.S. dollar weakened. But the sharp decline in crude prices overnight dragged down energy-related stocks. A Lehman Brothers research report said a pending accounting change could force the two largest U.S. mortgage funders -- that both have the U.S. government's implicit backing -- to raise a combined $75 billion in capital. [ID:nN07435475] That knocked...
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