July 15 (Bloomberg) -- China's stocks fell the most in two weeks, led by banks and insurers, on concern they are holding debt issued by Fannie Mae and Freddie Mac, the two U.S. mortgage- finance companies that lost half their market value last week on concern about their ability to refinance.

July 15 (Bloomberg) -- Japanese stocks fell the most in a week amid concern a lack of capital will cause some U.S. banks to collapse and after a rescue package for mortgage lenders failed to stem an equity sell-off.


July 15 (Bloomberg) -- Asian stocks fell for a second day, led by financial companies, as concern mounted credit-market losses will widen after a report said Japan's top three banks hold more than $40 billion in Fannie Mae and Freddie Mac debt.

Region stock market is feeling the effects of Fannie Mae and Freddie Mac. Banks mostly weak on concern of their holding of bond from Mae and Mac.