On Monday, Yasuo Fukuda resigned as prime minister of Japan, because of a deadlock in the political system.

Martin Hutchinson, who up to now has been bullish on Japan, says Fukuda’s resignation is bad news for Japan’s near-term economic prospects.

However, Martin says there’s another Asian market that’s well worth a look: Korea.

Martin says the iShares MSCI South Korea Index Fund (NYSE:EWY) is good value now at a multiple of 10.3.

Crude oil prices fell today as the greenback strengthened on Washington’s support for ailing mortgage firms Fannie Mae (FNM) and Freddie Mac (FRE).

Light sweet curde oil futures on the Nymex fell $1.19 dollars to $143.30 dollars a barrel. The contract is down from $147.27 dollars on Friday.

What if oil drops even further? Say back down to the $100 mark. Justice Litle says smart investors should condsider Asian stocks and Asian ETFs…