Banks, shipping stocks down sharply; Toyota up as Q1 profit beats estimates By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) -- Chinese stocks in Shanghai declined Friday, finding little support ahead of the Beijing Olympics opening ceremony later in the day, as concerns about a slowing economy weighed down property developers and steelmakers. Other Asian markets mostly declined, with banks such as Mitsubishi UFJ Financial Group and shipping stocks such as STX Pan Ocean Co. dropping on worries about the health of the U.S. economy. "You would have expected Shanghai to be getting a treatment, but markets are being left to their own [fate]," said Howard Gorges, vice chairman at South China Brokerages. "There's speculation that Beijing may try and engineer a [Olympics] rally, but next week we may see markets falling quite...
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