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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (105762)	2/20/2008 1:53:42 AM
From: MulhollandDrive	Respond to of 306849

reuters.com Japan stocks down 3 pct after KKR report Wed Feb 20, 2008 12:31am EST TOKYO, Feb 20 (Reuters) - Japanese stocks fell 3 percent on Wednesday as investors were spooked by a report that KKR Financial Holdings (KFN.N: Quote, Profile, Research) had delayed repayment of billions of dollars of commercial paper for a second time. The Financial Times reported that KKR, the listed affiliate of private equity group Kohlberg Kravis Roberts & Co [KKR.UL], had begun a new round of talks with creditors and deferred repayment of debt due last Friday. At 0524 GMT the benchmark Nikkei .N225 was down 3.0 percent at 13,339.29, its lowest point in a week. The broader TOPIX was down by 2.9 percent at 1,305.91.