Asian stocks hit by Spain downgrade news

Asian stock markets fell today after Spain, the fourth-largest euro economy, was slapped with a credit downgrade and the US earnings season opened with a whimper.

Asian stocks hit by Spain downgrade news
Thu, 11 Oct, 2012 - 09:29

Asian stock markets fell today after Spain, the fourth-largest euro economy, was slapped with a credit downgrade and the US earnings season opened with a whimper.

Standard & Poor's downgraded Spain's debt from BBB+ to BBB-, the lowest investment-grade level.

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