The military yesterday displayed how its fighter jets can land, refuel and rearm on the nation’s highways for the first time in five years as part of the annual Han Kuang military exercises simulating defense against a Chinese invasion.
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Investors recoiled from risky assets yesterday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis. Stocks from Tokyo to Mumbai were haunted by suspicion of lenders’ exposure to Dubai firms that built islands in the Gulf, planned cities from Pakistan to Africa and fashioned the financial hub of the world’s biggest oil exporting region. |