Stocks brush off Italy downgrade on Greece hopes (AP)

By admin on September 20th, 2011

A man walks in front of the electronic stock board of a securities firm in Tokyo, Japan, Tuesday, Sept. 20, 2011. Asian stocks headed lower in early trading Tuesday, held back by intensifying worries over Greece's ability to fend off a massive debt default and a credit downgrade slapped on Italy. The benchmark Nikkei 225 stock average lost 124.42 points, to end morning session at 8739.74.(AP Photo/Itsuo Inouye)AP – Global stocks brushed aside the latest credit rating downgrade of Italy as investors hoped Greece would make progress in discussions with debt inspectors to get its hands on more bailout money, helping it avoid a messy default.


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