This is bad news, which came after US market close. Overseas markets react to it. Aug. 10 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said it faces ``unprecedented disruptions'' that may crimp profit, suggesting a credit crunch that started with the U.S. subprime market will spread. http://www.bloomberg.com/apps/news?pid=20601087&sid=awWmNtGguiq0&refer=home Investors fear that US sub-prime and Alt-A crisis will emerge to worldwide "bond crisis".