Asian markets still wary over US economy

02. 08. 2011

Asian markets still wary over US economy


Shares fell on concerns that the US still won't be able to avoid a credit rating downgrade making borrowing for the super economy all the more expensive.

 

 

 

Hong Kong followed the trend - the US economy clearly is not out of the woods due to rising unemployment and sluggish growth figures.

 

And Sydney stocks reflected a growing belief that the economic momentum in the US has slowed. It means some countries are already cutting their exposure to the US dollar.

 

SOURCE : Euronews

 

economy