Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government’s credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.
Quoted from Asian stock markets sink after US credit downgrade on Yahoo! News – Latest News & Headlines
Asian markets plunged in early trading Monday, as the trade war between the U.S. and China heated up. On Friday, President Donald Trump raised tensions by announcing he would raise tariffs on $250 Asia-Pacific stock markets pulled back on Friday after two days of broad gains, with a downbeat outlook from Taiwan Semiconductor prompting declines in technology names. TOKYO -- started the week sharply weaker, as investor fears about global growth returned with a vengeance following poor economic data out of Europe. Asian Stocks Sink After Wall SINGAPORE (AP) — were mostly higher on Monday ahead of key economic data, such as industrial production figures from China and Japan later in the week. Tags: asian, stocks, sink, after, retreated in Asia on Tuesday as uncertainty over the China-US trade talks was compounded by increasing tensions in Hong Kong and an economic crisis in Argentina. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted Updated indexes in Asia-Pacific. Get an overview of major indexes, current values and market data in Japan, China, Hong Kong & more.