Sunday, August 7, 2011

Asian stocks dip after U.S. credit downgrade

CNN News

(CNN) -- Stocks on key Asian exchanges dropped modestly early Monday on what is likely to be an eventful day in world markets, following Standard and Poor's downgrade of the U.S. credit rating.

In early Tokyo trading, the Nikkei index fell 124 points, or 1.3%.

South Korea's KOSPI index slipped 1.6%. In Australia, the All Ordinaries index lost 0.7%. The Shanghai composite started 0.8% lower.
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