Article Image

IPFS News Link • Economy - International

Asian stocks fall after U.S. credit outlook cut

• Reuters

Asian stocks fell on Tuesday after rating agency Standard & Poor's lowered its U.S. credit outlook to negative, prompting a global flight to other assets.

The euro nursed heavy losses early in Asia while the yen gained across the board as worries about sovereign debt problems in Europe and the United States prompted investors to unwind carry trades.

1 Comments in Response to

Comment by Powell Gammill
Entered on: