Goldman Sachs (GS) -1.6% premarket on news the investment firm suffered a $103M net loss in Asia...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) -1.6% premarket on news the investment firm suffered a $103M net loss in Asia for 2011, its first loss in Asia since 2008. GS cited weak markets that took a toll on lending and investing, as well as a mark-to-market loss in its holdings of shares in Industrial & Commercial Bank of China. In 2010, Goldman earned $2.1B in Asia.