Asian stock markets fall after US credit downgrade (AP)

By admin on August 8th, 2011

A monitor displays the Dow Jones Industrial Average on the floor of the New York Stock Exchange on Friday, Aug. 5, 2011 in New York. A government report that hiring improved in July sent stocks sharply higher just after the market opened. The rally lasted less than a half-hour. Many economists still fear that the economy might dip back into recession. (AP Photo/Jin Lee)AP – Asian stocks fell Monday after the historic downgrade of the U.S. credit rating but losses were contained amid a promise by Group of Seven industrial nations to take all necessary measures to support financial stability.


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